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NAMIBIA URANIUM

West Australian says no talks over Marenica uranium

The company has not held any formal talks with Rio Tinto.

Posted:  Monday , 29 Jun 2009

SYDNEY (Reuters)  - 

West Australian Metals (WME.AX: Quote) has not held any formal talks with Rio Tinto (RIO.AX: Quote)(RIO.L: Quote), France's Areva (CEPFi.PA: Quote) or others possibly interested in acquiring all or part of its Marenica uranium project in Namibia, the company said on Monday in response to media reports.

Namibia is home to the Rio Tinto-operated (RIO.L: Quote) (RIO.AX: Quote) Rossing mine and Paladin Energy Ltd's (PDN.AX: Quote) Langer Heinrich project which together account for about 7-10 percent of world uranium production. Areva also has a large presence in the African country. (Reporting by James Regan)

© Thomson Reuters 2009 All rights reserved

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