The nuclear crisis caused the miners to fall

After the accident at the Fukushima nuclear power plant in Japan, countries including China, Germany, and Italy began to review nuclear power development plans. Some countries even made decisions to shut down existing nuclear power plants, leading to a drop in the share prices of some nuclear power concept stocks internationally. It also provided an opportunity for the acquisition of *mine investment.

A person in charge of the Sichuan Hanlong Group Propaganda Department told the First Financial Daily yesterday that the company is in negotiation with Australia’s Bannerman Resources, which owns *mine resources.

According to foreign media reports, Hanlong Group has issued a "highly restrictive" offer to Bannerman Resources for AUD 144 million (US$ 154.9 million). Hanlong Group's offer is equivalent to AUD 0.612 per share, which is a 59% premium to Bannerman's closing price on Friday.

Bannerman said that the nuclear leakage crisis at the Fukushima nuclear power plant in Japan caused the recent decline in Bannerman's stock price. Hanlong Group wanted to seize this opportunity to buy the bottom. “The board of directors believes that the large-scale, low-tech risk Etango* mine where Bannerman is located in ****. Hanlong Group recognized its major strategic significance."

According to the above-mentioned person in charge of the Hanlong Group Propaganda Department, the company has been increasing investment in overseas resources in recent years. If there are suitable opportunities, the company will use various resources.

This is the second acquisition of Hanlong Group in the field of mineral resources.

On November 1st last year, Hanlong Resources Co., Ltd., established by the Hanlong Group in Hong Kong, and Marenica Energy Co., Ltd., an international large-scale mine developer, formally signed a cooperation agreement on the development of the 5,000-ton mine project and reached a strategic cooperation relationship.

Hanlong Resources and Marenica signed the ** agreement and memorandum of understanding at the time, including the immediate provision of ** to support the development of the ***** mine project, and Hanlong and Marenica as strategic partners to find a wider range together* Mining investment and development opportunities.

According to the agreement, Hanlong Resources invested AUD 5 million as Marenica’s single largest shareholder, which accounted for approximately 12% of the company’s total share capital. ** The funds obtained will be used to support the Marenica* project for the pre-feasibility study. At the same time, Hanlong will have the right to designate one representative to serve on the Marenica board of directors.

In an interview with this newspaper, a nuclear power specialist and KPMG's global infrastructure and engineering group, Timothy Stone, considered that, at this stage, nuclear power is the best energy source under the requirements of low carbon, low cost, and safety. The cost of wind power and solar energy is very high, and thermal power does not meet the requirements of low carbon. Although wind power and solar energy are safer than nuclear power, their cost is too high.