Antinuclear

India seeking to own uranium companies in Australia

Cos in overseas drive to tie up N-fuel supply- –The Economic Times 23 Feb 2010 MUMBAI: Indian companies such as Essar, the London-listed Vedanta and a subsidiary of shipmaker Varun Industries are scouting around for opportunities to explore and mine uranium in countries like Australia, Canada and parts of Africa…………..India’s biggest private sector company, had last year bought a 49% stake in a special purpose vehicle, or SPV, set up by a company called Uranium Exploration of Australia (UXA) which has licences to mine uranium at four locations in Australia…… RIL’s overseas arm — RIL Australia — is already in an exploration joint venture with Uranium Exploration Australia. UXA had said in the past year that RIL had committed to invest around $13 million following the agreement in late 2007.2007. Cos in overseas drive to tie up N-fuel supply- Power-Energy-News By Industry-News-The Economic Times

February 24, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, politics international, uranium | Australia, uranium