The International Resource Journal: National Aluminum Company searches for uranium for planned nuclear power plant

National Aluminum Company searches for uranium for planned nuclear power plant
================================================================================
Resource News on 08 September, 2010 08:24:00
 
IRJ Sep 8 - Indian state-owned company, the National Aluminum Company (NALCO)
has plans to search for uranium in Namibia. The company plans to set up a
nuclear power plant in the east coast of India and is eyeing uranium for the
plant.
The nuclear power plant will be the first in India after the Indo-US nuclear
deal was signed.  India and Namibia were in agreements to work together in
exploring mineral resources, including uranium. This would be direct competition
to major mining companies like Rio Tinto.
After the signed agreement NALCO joined forces with Hindustan Copper to acquire
a copper mine in Africa, but the deal fell through when the mine owner,
Weatherly International, withdrew the sale offer.