China Guangdong Plans 756 Million-Pound Offer for Kalahari

China Guangdong Nuclear Power Group Co., the nation’s second-largest reactor builder, made a 756 million-pound ($1.2 billion) bid for Kalahari Minerals Plc as the Chinese government seeks uranium to boost atomic generation.

The proposed acquisition would give the state-owned company access to Extract Resources Ltd.’s Husab uranium project in Namibia. Kalahari owns about 43 percent of Australia’s Extract, which calls its venture the fifth-biggest uranium deposit.