No plans to change Canada uranium ownership policy: minister

Mon Mar 4, 2013 9:51am EST
 
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TORONTO (Reuters) - Canada has no plans to change its rules that limit foreign ownership of uranium miners, the country's minister of natural resources said on Monday.

"We don't have any plans to change the rule, which is a maximum of 49 percent foreign ownership in the development of uranium, and that's a longstanding policy," Natural Resources Minister Joe Oliver told reporters on Monday.

(Reporting by Rod Nickel; Writing by Jeffrey Hodgson; Editing by Vicki Allen)

 
Joe Oliver, Canada's Minister of Natural Resources, speaks at the Canadian Aboriginal Minerals Association's 20th Anniversary Conference in Toronto, November 19, 2012. REUTERS/Brett Gundlock