Ken Talbot and China’s CITIC warm to uranium venture

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Mon, Jun 29, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

Couriermail.com.au reports uranium venture between Ken Talbot, a former coal mining magnate and CITIC, a Chinese investment company have struck a deal to commit further funds to uranium exploration.

The spot uranium price has been rising in recent weeks, following other commodity prices, encouraging Talbot Group Holdings and CITIC to underwrite a non-renounceable offer of Southern Uranium shares by the group’s major shareholder Southern Gold.

Southern Gold, with 39.1 per cent of Southern Uranium, has decided to sell its stake to help fund its own exploration efforts.

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