Two China uranium stories today caught my eye…<\/p>\n
Does this mean that EXT is in China’s sights? And if so what premium will China pay to have one of the world’s largest, economically viable uranium resources?<\/p>\n
I hold EXT “RBC analyst Adam Schatzker said: “We believe that CGNPC’s motivation in acquiring Kalahari is to ultimately gain significant future uranium production offtake. The next logical move will be for CGNPC to acquire Extract.”<\/p>\n “This is a play by Kalahari to force Rio Tinto’s hand if they can; Kalahari are sellers and they want to get out,” said Simon Tonkin at Patersons Securities in Perth.<\/p>\n This time may you live in interesting times may be a blessing rather than an ancient Chinese curse. Two China uranium stories today caught my eye… The first that China will surpass the USA’s uranium consumption by 2030 to feed its rapidly growing nuclear power supply industry. The USA is currently the world’s largest uranium user with very little of its own production. (I do note that the US has just approved a … Continue reading “China hungry for Uranium: Watch out Extract?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-559","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nOne day latter 9\/3\/2011<\/strong>
\nWe the holders of Extract Resources seem to be in for an interesting time with a tussle developing between Rio, Kalahari, China Guangdong Nuclear Power and Extract for majority control of the Hsuab project destined to be the world’s second largest uranium mine.<\/p>\n
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