china inc goes after extract's uranium

I typed these excerpts up from the paper version of The Australian:

China Inc goes after Extract's uranium

By Matthew Stevens
The Weekend Australian Dec 10-11

...

"We would presume that APAC is a seller here but that Rio Tinto and Itochu will much more likely hang on for the ride should Guangdong Nuclear meet its minimum acceptance condition of 50 per cent."
...

"And we know for sure that Rio could easily afford the $2.5nb or so it might take to win here. So will Rio go head-to-head with China Inc over Husab or will it sit back and attempt to leverage its position once the dust settles on Guangdong's tilt? And what does Japan Inc do? Aggression in the face of commercial aggression is not really Japan's thing, so no-one should not expect Itochu to do anything particularly dynamic. But it will be a player in what could be drama enough to keep us all interested, though, into the new year."

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"China Guangdong is about nuclear power and lots of it. The state-owned business claims a capacity of 6108 MW of installed nuclear-fuelled electricity, and reckons to have a further 20,780 MW of capacity under construction. That being accurate, clean, green Guangdong Nuclear seems likely to be the world's single biggest owner of nuclear-powered electricity capacity which explains in no uncertain terms why it has set its sights on Extract and its Namibian gem."