China Nuclear International Uranium Corporation
Encyclopedia
The China Nuclear International Uranium Corporation (SinoU; 中国国核海外铀资源开发公司) is a Chinese Government
owned corporation involved in prospecting, and eventually mining, overseas sources of Uranium
.
In late 2006, SinoU was spun off from the China National Nuclear Corporation
(CNNC), China's state owned nuclear processing, mining, plant operation, and research agency, where it was previously the Overseas Uranium Exploitation Department of the CNNC.
Its first major contract was to build the Teguida, Niger
based Azelik mine and ore process plant as a joint venture with the Nigerian government run Société Minière d'Azelik. Initial estimates were that the mine would be operational in 2010.
In June 2007, one of SinoU's officials was kidnapped by rebels opposed to the building of the mine, but released shortly after. With the advent of the Second Tuareg Rebellion, work on the Teguida site was stopped as of August 2007.
Government of the People's Republic of China
All power within the government of the People's Republic of China is divided among three bodies: the People's Republic of China, State Council, and the People's Liberation Army . This article is concerned with the formal structure of the state, its departments and their responsibilities...
owned corporation involved in prospecting, and eventually mining, overseas sources of Uranium
Uranium
Uranium is a silvery-white metallic chemical element in the actinide series of the periodic table, with atomic number 92. It is assigned the chemical symbol U. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons...
.
In late 2006, SinoU was spun off from the China National Nuclear Corporation
China National Nuclear Corporation
The China National Nuclear Corporation was established on 16 September 1988 by a Government of China decree. CNNC's president and vice-president are appointed by the Premier of the State Council. However the CNNC is a self-supporting economic corporation, not a government administrative body. It...
(CNNC), China's state owned nuclear processing, mining, plant operation, and research agency, where it was previously the Overseas Uranium Exploitation Department of the CNNC.
Its first major contract was to build the Teguida, Niger
Niger
Niger , officially named the Republic of Niger, is a landlocked country in Western Africa, named after the Niger River. It borders Nigeria and Benin to the south, Burkina Faso and Mali to the west, Algeria and Libya to the north and Chad to the east...
based Azelik mine and ore process plant as a joint venture with the Nigerian government run Société Minière d'Azelik. Initial estimates were that the mine would be operational in 2010.
In June 2007, one of SinoU's officials was kidnapped by rebels opposed to the building of the mine, but released shortly after. With the advent of the Second Tuareg Rebellion, work on the Teguida site was stopped as of August 2007.