On January 17, 2019, CGN Mining Company Limited completed the acquisition of 100% equity interests in CGN Global Uranium Limited (“CGN GU”).
CGN GU is a company incorporated with limited liability under the laws of England and Wales which was registered in London, UK on July 22, 2014. The main business area of CGN GU includes:
1. the natural uranium trading on global spot market;
2. the sole uranium marketing agency for Husab Project in Namibia.
CGN GU is one of the most active uranium trader in the market. The major customers of CGN GU include European and American nuclear power owners, global nuclear fuel manufacturers, global nuclear fuel traders and etc.