National Aluminium Seeks Uranium Mines Overseas in Power Foray
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National Aluminium Co., India’s second-biggest producer of the metal, is seeking to buy uranium mines in Canada, Mongolia and Namibia to secure supplies for its first move into nuclear energy.
The company, based in the eastern city of Bhubaneswar, is in talks with Uranium Corp. of India to develop any projects found and may tie up with the nation’s monopoly nuclear-fuel producer in a month, National Aluminium Finance Director B.L. Bagra said today in a telephone interview. Some targets have been identified for detailed studies, he said.