Antinuclear

China the major shareholder in Western Australia’s new uranium exploration company Zeus

China backs new WA uranium play Nick Sas, The West Australian January 18, 2013,  China Inc has joined WA’s uranium hunt, with the State-backed China Metallurgical Geology Bureau revealed as the major shareholder in new uranium explorer Zeus Resources.

In a deal that ignores the gloom surrounding Australia’s limp initial public offering market, Zeus will hit the boards on Monday after successfully raising $13.5 million to jump-start its uranium exploration projects scattered around WA…… China National Nuclear Corporation chairman said last year it would speed up investments in overseas uranium mining exploration, with a particular focus on Australia and Africa, in order to meet the energy company’s growing demand for uranium.

In March last year China Guangdong Nuclear Power Group completed the $2.2 billion takeover of WA’s Extract Resources, which owns the Husab uranium asset in Namibia…. http://au.news.yahoo.com/thewest/business/a/-/wa/15872030/china-backs-new-wa-uranium-play/

January 18, 2013 - Posted by Christina Macpherson | business, Western Australia