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China in discussions to purchase Mongolian uranium PDF Print E-mail
Wednesday, 23 May 2007

Reports out of London indicate China’s largest nuclear power plant contractor is in discussions with Mongolia to purchase additional uranium. 

China National Nuclear Corp. (CNNC) is attempting to head off a domestic shortage in uranium by seeking outside sources. 

China National Nuclear Corp. is the major developer of nuclear power plants in China. It is also one of the key players in assuring China achieves its goal of supplying four percent of the country’s electricity using nuclear power by 2020.  

Lui Xuehong, Vice President of the CNNC's overseas uranium exploration unit, told the Power & Alternative Energy Summit in London that besides seeking Mongolian uranium, he has been charged with beginning discussions with uranium suppliers in Namibia, South Africa, Mozambique, Botswana, Chad and the Central African Republic. 

China is reported to have allocated an additional $52 billion for building domestic nuclear reactors to generate power.

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