Searching for a larger slice of domestic 'yellowcake'

Uranium exploration in China has been stepped up to unearth new reserves to fuel the country's state-of-the-art nuclear reactor program.

Yu Zhiping, general manager of CGNPC Uranium Resources Co Ltd, confirmed that the company has been looking to increase its supply of domestic deposits known as "yellowcake".

"China has substantial deposits of uranium, which is widespread," Yu said