The majority of this energy demand growth

There is an ongoing global war for energy security, which appears to be politically inspired.During 2006, Namibia became saturated with numerous exploration plays hoping to capitalize on the country's uranium resources and relaxed environment.3 million and an interest-free loan of the same amount. In the case of Rio Tinto, acquiring one or both could mean expanding uranium operations in this country.Enter CNNC on Sunday night." The most rapid growth in energy demand is anticipated in non-OECD Asia. "The uranium price can hit any mark at a time of crisis. The majority of this energy demand growth would come from China and India. He offered both sides of the coin. Either could be the first, but we believe both should become winners in the uranium bull market.After more than two decades in power, Turkmen strongman Saparmurat Niyazov passed away this past December." He believes the uranium price will continue to rise as global uranium demand soars while supplies remain tight. We missed the company's conference call, but were allowed the opportunity to discuss his company's prospects and future plans during a telephone call. This past October, Yang Changli, vice president of China National Nuclear, said it would seek uranium not only from Australia, but from Canada, Kazakhstan, South Africa and Namibia. Both endeavor to become the 'next miner' following Paladin Resources in this country.COPYRIGHT © 2007 by StockInterview." Ironically, both crisis and turbulence have come about because of the Asian and Russian scramble to lock-up the uranium resources of entire countries.On this basis, we can not rule out a simple carving of Africa.In Niger, we covered two 'early days' prospective uranium juniors over a year ago. "We are now modeling 2. In late April, Northwestern Mineral Ventures announced uranium mineralization in assays from rock samples after a first-pass reconnaissance on its In Gall and Irhazer uranium properties. These were calculated at 24 million pounds U3O8. How does it look? "Neck and neck, toe to toe," Parnham said. Energy Information Administration issued 'International Energy Outlook 2007. You'll probably see a change in the pit design very shortly because we have the ability to move more resource into the reserve category.The energy battle in Africa is good news for the two front-runners in Namibia: UraMin and Forsys Metals.According to an email we received from TradeTech's Gene Clark, after presenting at the China Power & Alternative Energy Summit on May 18th, he told us China's official target for nuclear power capacity was '40 GWe by 2020 and another 18 GWe in the following five-year plan.' We do not have any 'inside track' on this matter.On May 12th, Russia, Kazakhstan and Turkmenistan signed a declaration to upgrade and expand transport pipelines along the Caspian Sea coast directly to Russia. Reportedly, some of the money would be used to boost group tourism from China to Namibia. Acquisition CandidatesJust as the announcement by Energy Metals Corp, regarding a potential sale of the company, fueled weekend speculation as to the 'next' takeover candidates, the same could occur this week with African acquisition candidates. North Atlantic Resources acquired a uranium permit in the 1900-square kilometer Abelajouad in this country. This is the same tactic China has utilized in courting relationships in South America to help develop natural resource deals. As part of this announcement, Sergei Kiriyenko, head of the Federal Nuclear Power Agency, said, "Any country can become a member of the center by signing an intergovernmental agreement granting it guaranteed access to uranium enrichment services. 

Subsequently, the Valencia uranium mineral reserve was classified as Probable Reserves. In February, Chinese President Hu Jintao visited Namibia to sign an economic deal with Namibia giving the country a grant of US$4. Consequently, the Namibian Minister of Mines and Energy closed the country's exploration window. This past April, the company increased its holdings to nearly 3,000 square kilometers." We talked about his company's horse race with UraMin. Although Europe was shocked by Vladimir Putin's new arrangement, the Chinese were flabbergasted. But, we are certainly geared toward putting this into production. This is purely speculation based upon our premise of 'uranium Politiques." Does that mean the resource is actually larger, then? "It's a heck of a lot bigger," he told us. The deal died with the dictator, it appears.9 percent of the Blackstone private equity firm. The goal for both nations is not only energy security but political influence and alliance over their targeted territories. Or either could be acquired by one or more majors hoping to build up their uranium reserves. However, in a state visit to China this week, Namibian Defense force chief exchanged views with Guo Boxiong, Central Military Commission vice chairman, on promoting relations between the two countries." We conclude Namibia may wish to participate in this arrangement. One might be misled into believing China would focus on Niger, where the company has built a foundation, and Russia's focus would remain in Namibia." When will the company complete its ongoing environmental assessment? "We are hoping to have an environmental decision by year end," Parnham told us. We began coverage on both Namibia and Niger, after Russia sent a delegation to Egypt to discuss the nuclear renaissance. 

Why should companies developing projects in Africa become the exception instead of the rule? Especially when two super powers are both eagerly trying to establish stronger uranium footholds in this continent. According to a report published by the International Atomic Energy Agency in 2005, Africa has 18 percent of the world's known recoverable uranium resources - about six percent less than Australia and one percent more Single-Phase Relays Company than Kazakhstan. This is part of Russia's growing monopoly of Central Asian gas.Fortunately, we had the opportunity to chat with Forsys chief executive Duane Parnham late last week. Both would need to further explore their properties before attracting serious interest from the Chinese. "It's just a function of how much data you have available to punch into the model.' The report announced, "World marketed energy is expected to grow by 57 percent between 2004 and 2030. "I think it shows there's opportunity in Namibia, and that's good that there are a number of us working for a common goal.We asked about production.4 million pounds per year," Parnham told us. Then, how much does the model give you back? The evaluation process is ongoing. In April 2006, Niyazov had signed a framework agreement on oil and gas cooperation. By August, Niyazov had announced a pipeline, designed to pump gas to China, would be opened in 2009. In March, the country formed the Huijin Fund as the state's investment arm. He expects to payback in less than two years.With US$1. "Anything can happen.Aside from South America, where China has strengthened the country's ties with Venezuela and others, Africa is a prime hunting ground for China's future energy security. Increasingly, Russia has shut China out of Central Asia in obtaining long-term, multiple energy sources. "We are hoping to have enough data to apply for a mining license in early 2008. We've called this a horse race, over the past several months.His company's news release talked about six month of stripping during the initial part of the operation so we started there. The project relies mainly upon the vast Turkmen gas reserves.In March Russian Prime Minister Mikhail Fradkov announced his country was prepared to building nuclear plants in Namibia. It's an open market, and we are a public company. This was the reference case - the middle ground of growth. The Chinese company's deputy general manager for uranium procurement announced to Bloomberg News that CNNC and UraMin will start 'more formal' talks this week.Also on Monday, leading Russian nuclear expert Yevgeny Velikhov, head of the Kurchatov Institute, told reporters at a news conference that the recent surge in uranium prices "may still grow by another order of magnitude. Our research suggests the fund is likely to strongly invest in natural resources. In an interview Yang gave during the 15th Pacific Basin Nuclear Conference, he said, "China won't rely on any single supplier of uranium because of energy security considerations.On May 10th, Russia and Kazakhstan signed an agreement to set up the International Uranium Enrichment Center, anticipated to come onstream by 2013. The company also has holdings in South Africa and the Central African Republic. China has established a strong foothold in the Sudan for petroleum."And from what we've seen among the recent, significant consolidations, those companies who have commenced production, and those closest to production, are the prime acquisition candidates. Neighboring South Africa had previously warned Namibia to expect reductions in energy supplies." And then Parnham left the door open. "We'll start when we get a mining license and then looking at production. "The operation isn't all that difficult so it's not a deposit that our expanding team couldn't put into production. We don't believe China will quietly step back and focus the country's uranium acquisition efforts in Niger, permitting Russia to concentrate on Namibia and South African uranium. We've been following developments in Central Asia, and had reported upon milestone events in both of our uranium publications, and again (with far greater details) in our soon-to-be-released Investing in China's Energy Crisis. His company had announced the completion of the pre-feasibility study on the company's Valencia uranium deposit in Namibia. But, Africa is rich in uranium deposits.' This confirms China's aggressive plans to acquire sufficient uranium to reach this capacity, and would be foolish to rely on just Australia. 

If that's successful, then obviously the decision to go forward will be made at that time.The company's pre-feasibility study was prepared by Australia-based Snowden Mining, which used the guidelines of Australia's JORC code. Namibia is dependent upon South Africa for electricity and has forecast an energy deficit of 300 megawatts within the next three years. Typically, China has built its energy portfolio through numerous deals across multiple regions. China and Russia are the main opponents, especially in Africa, but have rivaled each other, over the past several years, in Central Asia. Chinese prospectors raced to Niger within weeks after our initial coverage.Namibia is the First African Focus of Uranium PolitiquesOn May 14th, Russia's second-largest bank Vneshtorgbank and Russia's state-run nuclear exporter Tekhsnabexport announced they were considered a joint venture to operate in Namibia through licenses they directly hold and through investments in other companies which have obtained licenses in Namibia. With Forsys as with all near-term producers, some early conversations have begun about pre-selling the company's uranium production after production has commenced. "Where the real opportunity lies is putting a property into production," he responded.We are now facing a new era of uranium politics or rather 'Uranium Politiques.Yet, both companies are vulnerable to acquisition efforts by Russian or Chinese companies. Yesterday, the U.However, in Namibia both UraMin and Forsys Metals are actively progressing toward mining uranium on their properties.A few weeks ago, a spokesman for China's National Reform and Development Committee announced China was unlikely to reach its natural gas target of a 10-percent portion of the country's energy portfolio by 2010. "The pre-feasibility is just the first snapshot of the situation," he said. At the time, our research pointed to Africa, particularly those countries, as ripe for future uranium production. Because China has carefully aligned with UraMin, or at least shown an inkling to do so, we suspect Russia might begin to look more carefully at Forsys Metals.S. We expect this country to become just as saturated as Namibia has been.As reported by the Wall Street Journal, Sunday night's revelations that China National Nuclear Corp (CNNC) may strengthen its ties to UraMin could represent a broader picture than an ordinary acquisition of a near-term uranium producer."Finally, we asked what has emerged as the key question: Is Forsys a ripe plum for the picking.China is eager to capitalize upon the continent's uranium resources before Russia outmaneuvers them as has been accomplished in Central Asia.UraMin is a prime acquisition candidate for the Chinese because of its uranium prospects in both Namibia and Niger.2 trillion in foreign currency reserves, China is exercising its financial biceps."For the time being, the company plans to expand its resource. "The global energy market is very turbulent," Velikhov said. "We are finding the pit optimization study is only looking at a very small portion of the overall resource.' And there is good reason for this to escalate. On Sunday night, the Huijin Fund invested US$3 billion to purchase a stake in about 9. Up to US$400 billion have reportedly been placed in this fund for investment purposes.com . Since then, Niger has become a new hunting ground