Chinese U mines to start in 2013

Monday, 16 May 2011 [China Daily, 14 May] China Guangdong Nuclear Power Corporation subsidiary CGNPC Uranium Resources Co (CNGPC-URC) is developing two 500 tonne per year uranium mines in Guangdong province and the Xinjiang Uygur autonomous region. According to CGNPC-URC chairmain Zhou Zhenxing, the mines are expected to start operations in 2013. Zhou also said that the company is in discussion with Rio Tinto about "a possible cooperation". The report comes days after CGNPC-URC withdrew a £756 million ($1.23 billion) offer for Kalahari Minerals that would have given it a major stake in the Husab uranium project in Namibia.