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Sovereign Wealth Funds Briefing - Categorized | Investment

South Korea to invest in South Australian uranium mining

Posted on 21 October 2008

From News.com.au: South Korea has joined the race to lock in uranium supplies from South Australia, signing a $6.2 million deal with Scimitar Resources.

Scimitar announced it had signed the deal with a South Korean consortium including subsidiaries of Daewoo and LG as well as Korean Government company Korea Resources Corporation (KORES). The deal involves the Korean consortium spending up to $6.2 million over three years to explore for uranium across four exploration licences at Scimitar’s Marree project, 550km north of Adelaide…… Full Article: Source


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