Energy

Russia Looking for Uranium Mine

Energy Investing

Bloomberg reported a Russian millionaire has bid on a uranium mine in South Africa.

Bloomberg reported a Russian millionaire has bid on a uranium mine in South Africa.

As quoted in the market news:

Russian billionaire Victor Vekselberg’s Renova Group made a joint bid with South Africa’s Waterpan Mining Consortium for a mine controlled by First Uranium Corp. (FIU), trumping an earlier offer.

Konstantin Sadovnik, a director of Renova’s Transalloys (Pty) Ltd. unit, said today in an e-mail that his company and Waterpan bid for the Ezulwini gold and uranium mine in South Africa. Chopper Van der Bijl, a director at closely held Waterpan, confirmed the offer yesterday in an e-mail. Both men declined to give details.

Click here to read the full Bloomberg report.

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