Varun Energy Corporation, part of Varun Industries, has acquired uranium
mines in Madagascar.
The company acquired 1,111 blocks covering 6,900 sq km with estimated
reserves of 1,700,000 tonne of uranium, 43,50,000 tonne of thorium and traces of
gold for exploration, exploitation and output sale.
Varun is present in Madagascar as Varun International SARL and Madagascar
Energy Corporation with 67 per cent stake in both companies.