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China Guangdong Nuclear overseas seeking uranium to be 1.23 billion acquisition of Australian uranium company

Kui Heng News Center (Source: Finance Department of Information, Source: China Economic Times)

2011-03-16 10:00:04

"Uranium is mainly responsible for the wide Kaifa uranium resources within and outside to ensure the normal operation of nuclear power plants, but also to protect the country's reserves of uranium resources. " Guangdong Nuclear relevant in the acceptance of the China Economic Times interview, said the two sides are negotiating Acquisitions

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Taiwan newspapers around the world English-fastest proxy service allows you to receive real-time daily newspaper "Uranium is mainly responsible for the wide development of uranium resources at home and abroad to ensure the normal operation of nuclear power plants, but also to protect the country's reserves of uranium resources. " China Guangdong Nuclear relevant in the acceptance of the China Economic Times interview, said that at present the two sides are negotiating acquisitions.

Investment adviser in the energy industry researcher Zhou Xiujie interviewed said, "If the successful acquisition of Kalahari widely uranium company, its parent company China Guangdong Nuclear Power will be the future supply of raw materials for expansion of nuclear power to provide significant protection. "It is widely available to our reporter uranium information, Kalahari is a UK listed company, whose main asset is a 42.79% stake in Extract Company and North River Resources Plc 44.9% of the company's shares. The company also has Namibia Husab Extract 100% interest in the project, Husab project total reserves of uranium resources of about 1.667 billion tons, the world's fifth largest uranium mine. Thus, in the Canton of uranium for the acquisition of the company attaches great importance to Kalahari.

"Kalahari widely uranium companies may be blocked merger." CSC analyst Cheng Jianguo told this reporter, according to the relevant provisions of Australia, if successful acquisition of Kalahari, Extract the wide issue of uranium must be secondary to the Offer. Australia also provides that if the investors to acquire more than 20% of shares of listed companies must fulfill a general offer obligations.

According to foreign media reported that Rio Tinto is considered to be the China Guangdong Nuclear Kalahari Uranium mining company shares as a potential opponent, because it not only has a 11.5% stake in Kalahari mining, and has a 14% stake in Extract Resources.

Speed ​​up the acquisition of overseas uranium

"Although China has the world's nuclear power plants under construction than any other country, but significant domestic reserves of uranium resources and the construction of nuclear power does not match strides. In the domestic small-scale, low-grade uranium mine in the domestic nuclear power development to meet the situation overseas seeking uranium will gradually become the main force supporting the development of domestic nuclear power. "An industry source told this reporter that the current supply of resources to maintain a state of conflict does not stand out, but once started a large-scale development of nuclear power, uranium demand resources will become the bottleneck of the development of nuclear power industry.

Some analysts believe that in the long run, foreign buying of natural uranium is not in the path of sustainable development, if the international situation has changed, rising uranium prices, the domestic nuclear power group will fall into a passive position; and acquisitions, joint ventures, etc. is a more sensible choice . Broadcasting Corporation of uranium through investment or acquisition of a foreign joint venture approach to exploration and exploitation of uranium resources overseas, the work is the best interpretation.

"China Guangdong Nuclear frequently shot out of the acquisition of overseas uranium development needs of the company, according to national energy planning, in the second period and the next five, the development speed of China's nuclear power industry will be greatly improved. To safeguard the smooth progress of China's nuclear power industry development, we must give priority to solving the problem in the future fuel of nuclear power plants. "Zhou Xiujie said early on in the uranium mining industry, the layout of future development for the China Guangdong Nuclear has a positive meaning.

However, Zhou Xiujie view, the China Guangdong Nuclear uranium overseas mergers and acquisitions there are legal and political risks.

"Many countries uranium resources as a strategic resource protection, acquisition of uranium companies may experience obstruction of foreign governments, so take a cooperative approach may be adopted more easily than the acquisition." Zhou Xiujie emphasized, should be from the China Guangdong Nuclear state-owned enterprises in the Middle East and North Africa region's political crisis, the losses suffered lessons, local political conditions of the acquisition to have a more complete understanding of the situation while the sudden have a relatively well prepared to avoid the enterprises suffered losses.

Investment Advisor, research director Zhang Yan Lin believes that our country in the globally available high-quality uranium mine exploration and mining rights are very limited, in order to avoid international competition in a weak domestic nuclear power enterprises should plan ahead to take the appropriate manner with the necessary means for pre-bedding.

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