Antinuclear

Austrliun uranium companies tie up with Chinese state nuclear firm

possible expansion of joint venture relationships between Paladin and Energy Metals,…Energy Metals …holds around 54 percent of the Bigrlyi uranium project northwest of Alice Springs in Australia’s Northern Territory. Paladin owns 42 percent of the mine

Chinese nuclear firm ties up with Australian uranium miner –Yahoo!7News, BEIJING, Aug 6, 2010 (AFP) – – Australian uranium producer Paladin Energy Ltd has said it agreed with a major Chinese nuclear power firm to explore long-term uranium sales,…….. Paladin signed a memorandum of understanding with a wholly-owned subsidiary of China Guangdong Nuclear Power Holding Corporation (CGNPC) setting up a “framework of cooperation” for uranium sales, the Sydney-based company said.

The agreement also mentioned the possible expansion of joint venture relationships between Paladin and Energy Metals, in which CGNPC holds a 69-percent stake, the firm said in a statement released Thursday.

Energy Metals is an Australian uranium exploration company and holds around 54 percent of the Bigrlyi uranium project northwest of Alice Springs in Australia’s Northern Territory. Paladin owns 42 percent of the mine. Chinese nuclear firm ties up with Australian uranium miner – Yahoo!7

August 7, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium | antinuclear, Australia, nuclear costs, uranium