Forbes.com | Albidon says commercially-viable mining possible at Chirundu Uranium jv
May 9th, 2008 • Related • Filed Under
LONDON (Thomson Financial) - Albidon Ltd. said commercially viable mining was possible at the Chirundu Uranium joint venture in Zambia as it raised the inferred resource estimate for the project.
The company said a pre-feasibility study pegged total uranium U308 at 14.0 million tonnes.
Albidon now holds a 30 percent stake in the Chirundu jv, with African Energy Resources holding the remaining 70 percent.