Toro in Talks With 7 Potential Asia Partners for Wiluna Uranium Mine

Bloomberg reported that Toro Energy Ltd, which is planning to develop the Wiluna uranium mine for US$279million Australia, is in talks with potential partners from China, South Korea, and Japan.

As quoted in the market news:

Toro plans to bring in a company to help develop the Wiluna uranium mine before reaching an investment decision to go ahead with the project by the end of 2013, Managing Director Vanessa Guthrie said by phone today from Perth. Toro, whose project won Australian government approval last week, expects to offer a stake ranging from about 30 percent to more than 50 percent of the mine as part of a supply agreement, she said.

Click here to read the full Bloomberg report.