December 5, 2014 / 7:15 AM / 4 years ago

China General Nuclear uranium unit looking to invest in Canada: official

BEIJING (Reuters) - The uranium subsidiary of China General Nuclear Power Corp (CGN), one of the country’s two state reactor builders, is looking to invest in mines in Canada “in the near future”, an official with the firm said on Friday.

“Canada’s uranium reserves are among the largest in the world and we hope to cooperate with Canadian enterprises to complete the mission,” said Zhou Zhenxing, the chairman of CGN Uranium Resources, at an industry conference.

He said he had already been involved in discussions with Canadian officials, but gave no additional details.

CGN is the state-owned parent of CGN Power Co. Ltd (1816.HK), which raised around $3.2 billion in an initial public offering in Hong Kong this week.

Reporting by Charlie Zhu; Writing by David Stanway; Editing by Richard Pullin

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