Interesting reading from CNNC - one of only two authorised...

Interesting reading from CNNC - one of only two authorised importers of uranium to China.

http://www.dailymarkets.com/stocks/2009/10/27/cncc-one-of-only-two-companies-allowed-to-import-uranium-into-china/

a few extracts:
“Everyone expects the uranium price to increase so it is very hard to get fixed long-term contracts. Therefore, securing uranium supply could be the next big stock trend.”

“China will have a lot more nuclear power plants over the next 5-10 years, so we have a guaranteed future demand for uranium. Also, our group is one of two organizations authorized to import uranium into China. Therefore, one of the major roles and goals of CNNC Intl now is to secure uranium, especially through winning extraction rights overseas.”

He said there were enough uranium reserves in the world today to last another century.

“There are mines popping up all over the world, but whether to move in depends on concentration, quality, quantity and grade. At current market prices and demand forecasts, concentrations of between 300-500 ppm (parts per million) were worthwhile for extraction, and it is always cheaper to process onsite as heavy cargos are expensive to transport long distances.”