Chinese buy up NT uranium stake

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Fri, Oct 30, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

NT News reports the Foreign Investment Review Board decided to allow the China Guangdong nuclear power group to buy up a 70 per cent stake in Energy Metals.

The company already has four power stations in China and a further 18 under construction. And the potential uranium from this deposit could be used to power these stations.

The Bigrlyi deposit has 12,000 tonnes of uranium oxide, compared with the Ranger uranium mine, which produces 5700 tonnes a year.

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