Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.
Wang announced the plans in Australia, during a signing ceremony where Atlas Iron Ltd. joined a newly-launched iron ore trading platform, China Beijing International Mining Exchange.
Last year about 60% of iron ore imports came from three mining giants: Rio Tinto, BHP Billiton and Vale.
