China, India Move on Uranium Prospects in Australia

Bloomberg reported Chinese and Indian companies are prepared to invest in uranium resources in New South Wales, Australia as the state opens new nuclear energy plants.

As quoted in the market news:

The New South Wales government announced plans last month to overturn a ban on uranium exploration, saying it wants to join the mining boom that’s spurring the economies of Western Australia, Queensland and South Australia states. The exploration ban hasn’t allowed New South Wales to evaluate the size of the potential uranium resource, Hartcher said today.

Click here to read the full Bloomberg report.