State-owned China National Nuclear Corp (CNNC), parent of CNNC International (2302.HK), will increase annual overseas uranium mining capacity to 5,000 tons in 10 years in order to secure supplies of the material, state media reported. A senior CNNC official said the company will expand offshore uranium mining resources to 2,500 tons per annum by 2015. CNNC, the country’s biggest operator of nuclear power plants, is currently in negotiations with the Mongolian government to obtain a mining license for a project that is expected to produce up to 700 tons of uranium annually. CNNC expects annual output to increase further when its mine in Niger begins production next year and as it looks for potential mining resources in Russia, Zimbabwe, Kazakhstan, Tanzania and Zambia.