March 26 (Reuters) - Japanese trading firm Itochu Corp (8001.T) will buy a 15 percent stake for 8.5 billion yen ($92.28 million) in London-based mining company Kalahari Minerals Plc (KAH.L), the Nikkei business daily said.
The move will give Itochu an effective stake of 6 percent in Rossing South, a 60 billion yen uranium mining project Kalahari is undertaking in Namibia, one of the world's richest sources of the radioactive metal, the paper said.
Itochu's investment in Kalahari Minerals is expected to ensure a stable supply of uranium for Japan.
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Mkt cap ! $18.65M | |||
| Open | High | Low | Value | Volume |
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| 19 | 5621147 | 0.8¢ |
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| Price($) | Vol. | No. |
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