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March 5, 2013 9:14 PM EST

Canada has no plans to change its rules that limit foreign ownership of uranium miners, the country's minister of natural resources said on Monday.

"We don't have any plans to change the rule, which is a maximum of 49 percent foreign ownership in the development of uranium, and that's a longstanding policy," Natural Resources Minister Joe Oliver told reporters on Monday.

Reuters
Joe Oliver, Canada"s Minister of Natural Resources, speaks at the Canadian Aboriginal Minerals Association"s 20th Anniversary Conference in Toronto, November 19, 2012.

(Photo: Reuters / )
Joe Oliver, Canada"s Minister of Natural Resources, speaks at the Canadian Aboriginal Minerals Association"s 20th Anniversary Conference in Toronto, November 19, 2012.
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