Chinese investor steps in to block Paladin’s Fission Uranium buy
CGN Mining Company, a subsidiary of China General Nuclear Power with a 11.26% stake in Fission Uranium, is obstructing the tie-up.
Capital Mining (ASX:CMY) announced that initial drilling at the Mundaerno South project in South Australia has indicated uranium and vanadium mineralization.
The press release is quoted as saying:
Capital Mining said the drilling has provided valuable new information about the geology and prospectivity of the area, which puts follow up exploration on a sound footing.
