Uranium capacity will be increased

People’s Daily Online reports China National Nuclear Corp. is expanding its uranium capacity.

The market news is quoted as saying:

CNNC is expanding overseas uranium mining resources and aims to increase output to 2,500 tons per year by 2015, rising to 5,000 tons by 2020, said Chen Yuehui, deputy general manager of China Uranium Corp, a unit of CNNC.
We are currently discussing a uranium project with the Mongolian government, and are looking to get a mining license next year,” said Chen. “The project is expected to produce up to 700 tons of uranium a year.”

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