China Nuclear International Uranium Corporation
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The China Nuclear International Uranium Corporation (SinoU) is a Chinese Government owned corporation involved in prospecting, and eventually mining, overseas sources of Uranium.
In late 2006, SinoU was spun off from the China National Nuclear Corporation (CNNC), China's state owned nuclear processing, mining, plant operation, and research agency, where it was previously the Overseas Uranium Exploitation Department of the CNNC.
Its first major contract was to build the Teguida, Niger based Azelik mine and ore process plant as a joint venture with the Nigerian government run Société Minière d'Azelik. Initial estimates were that the mine would be operational in 2010.
In June 2007, one of SinoU's officials was kidnapped by rebels opposed to the building of the mine, but released shortly after. With the advent of the Second Tuareg Rebellion, work on the Teguida site was stopped as of August 2007.[1]
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[edit] References
- ^ China firm suspends Niger uranium activities-source. Reuters, 10 July 2007.