Antinuclear

Northern Territory to become China’s uranium colony?

Uranium powers Chinese interest in NT Northern Territory News |NADJA HAINKE May 28th, 2010

CHINA is turning to the Northern Territory to source uranium in its ever-increasing need for power. Territory Uranium Company has received immense attention from several Chinese businesses wanting to invest in its exploration projects in the NT.

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But it is believed no solid agreements have yet been reached…..Managing director Ian Bamborough said …… Territory Uranium Company was keen to sell off about 50 per cent of its shares as more funding would mean more drilling…………

……One of the prospects getting particular interest from Chinese businesses is the Daly River project, about 350km south of Darwin…….

Environmental surveys and negotiations with traditional owners have yet to be completed. Uranium powers Chinese interest in NT | Northern Territory News | Darwin, Northern Territory, Australia | ntnews.com.au

May 28, 2010 - Posted by Christina Macpherson | business, Northern Territory, uranium | aboriginal, antinuclear, Australia, indigenous, nuclear, nuclear costs, nuclear weapons, uranium