China: Khan Resources’ White Knight

China National Nuclear Corp. has been actively scouring the globe for uranium supplies to match the country’s growing energy needs. CNNC’s latest acquisition target centers in Mongolia. Khan Resources has announced CNNC has outdone ARMZ’s all-cash takeover bid.

Today, nuclear power generates around 15 per cent of global electricity production; however, that percentage is likely to increase significantly over the next few decades as more and more nations turn to nuclear power to meet their energy demands.