China buys Brazil's largest uranium reserve in the Amazon for R$ 2 billion

China’s state-owned company Nonferrous Trade Co. Ltd purchased Mineração Taboca, a Brazilian mining company that has the rights to exploit the country’s largest uranium reserve, in a business that according to different means amounts to $340 million. The post A Chinese state-owned company buys Brazil’s largest uranium reserve first appeared on Cubadebate.

November 29, 2024.- The Chinese state-owned company Nonferrous Trade Co. Ltd purchased Mineração Taboca, a Brazilian mining company that has the rights to exploit the largest uranium reserve in the country, in a business that according to different means amounts to 340 million dollars. The company, fil...

A Chinese state company bought the operations of a tin mine in the Amazon, in a deal involving over R$ 2 billion. Read more (11/28/2024)

The Pitinga uranium reserve stands out not only for its richness in uranium, but also for its strategic minerals. The Chinese company China Nonferrous Trade (CNT) bought the largest uranium reserve in Brazil in the state of Amazonas for US$ 340 million, about R$ 2 billion. CNT is a subsidiary that belongs to the Chinese government.