Nuclear talks reopen
Source: Agencies |
October 11, 2011, Tuesday
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Print Edition
Print Edition
A CHINESE nuclear power generator is back in talks to buy Kalahari Minerals, the biggest shareholder in one of the world's largest uranium projects, as China steps up efforts to meet its growing energy needs.
London-listed Kalahari yesterday confirmed discussions had restarted with state-owned China Guangdong Nuclear Power, after a deal earlier this year fell through in the aftermath of the Fukushima disaster in Japan.
A source said China Guangdong Nuclear was set to relaunch its 270 pence (US$4.23) a share offer, valuing Kalahari at about US$1 billion, after a temporary ban imposed by UK regulators.
London-listed Kalahari yesterday confirmed discussions had restarted with state-owned China Guangdong Nuclear Power, after a deal earlier this year fell through in the aftermath of the Fukushima disaster in Japan.
A source said China Guangdong Nuclear was set to relaunch its 270 pence (US$4.23) a share offer, valuing Kalahari at about US$1 billion, after a temporary ban imposed by UK regulators.
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