" China National Nuclear Corp. interested in Northern Territory uranium deposits China National Nuclear Corporation (CNNC) has applied for registration as a foreign company in Australia. It wants to exploit the Angela and Pamela deposits, which are just outside Alice Springs and are believed to hold more than 10,000 tonnes of uranium "
Norm Mc Cleary has a court action against the NT Govt. which may delay any decision for a long time. He has indicated he will take the issue { his claim on Angela/Pamela was dismissed earlier } to the Supreme Court for a final decision. This will cause some discomfort to the chinese in their efforts to get their hands on some promising tenements in Oz.
Time will tell. Always does
THR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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