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China finds 30,000 tonnes uranium deposit

Lankan Ranger

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China finds 30,000 tonnes uranium deposit

China has found a major uranium deposit in Inner Mongolia holding an estimated 30,000 tonnes of the metal, state television reported on Saturday.

The discovery in China's mineral-rich Ordos region will help ensure the domestic supply of uranium for its expanding nuclear industry in coming decades, Zhang Jindai, chief geologist with China National Nuclear Corp, was quoted as saying by China's central television.

China is expected to announce a new 2020 target of 70 gigawatts of nuclear capacity, up from 11 gigawatts at the end of last year, but experts have suggested that a fuel supply bottleneck could slow the pace of construction.

Industry officials have been talking down the problem, insisting the country already has sufficient uranium to meet its needs even though it chooses to hedge its bets by investing heavily in overseas mines.

China finds 30,000 tonnes uranium deposit: State TV - The Times of India
 
China finds 30,000 tonnes uranium deposit

China has found a major uranium deposit in Inner Mongolia holding an estimated 30,000 tonnes of the metal, state television reported on Saturday.

The discovery in China's mineral-rich Ordos region will help ensure the domestic supply of uranium for its expanding nuclear industry in coming decades, Zhang Jindai, chief geologist with China National Nuclear Corp, was quoted as saying by China's central television.

China is expected to announce a new 2020 target of 70 gigawatts of nuclear capacity, up from 11 gigawatts at the end of last year, but experts have suggested that a fuel supply bottleneck could slow the pace of construction.

Industry officials have been talking down the problem, insisting the country already has sufficient uranium to meet its needs even though it chooses to hedge its bets by investing heavily in overseas mines.

China finds 30,000 tonnes uranium deposit: State TV - The Times of India

So China can tell Australia to get lost ???
 
Awsome news!!
Thumbs up!! :tup:

Develop your economy....ooops!
Develop your Nuclear weapons!

Good Luck !! :china:
 
So China can tell Australia to get lost ???

Australia is the only major Western country that's friendly to China and hostile to India. Why do you guys resent them?
 
Suddenly all western countries will want to be friendly with China and maybe even sell advanced nuclear designs!
 
Australia is the only major Western country that's friendly to China and hostile to India. Why do you guys resent them?

And even if China is self-sufficient for Uranium, there'd still be copper, iron, and coal. Not to mention Australia and China trade a lot of finished goods as well. I think Australia will be a good long term partner for China.
 
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