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Areva Buys Canadian Uranium Producer And Sees Production Boost
Paris (AFP) Aug 01, 2007 The French nuclear power group Areva on Tuesday completed the purchase of Canadian uranium producer UraMin, an acquisition it said should enable it to boost uranium output to 19,000 tonnes in 2012. Areva said that following an amicable public share offer on July 25 it now controlled 92.93 percent of UraMin capital. The deal valued UraMin at more than 2.5 billion dollars (1.8 billion euros. Areva had previously had a 5.5 percent stake in UraMin. Areva said UraMin's operations in South Africa, Namibia and the Central African Republic should lead to an increase in uranium output of more than 7,000 tonnes a year after 2012. Prior to the acquistion Areva said it planned to double uranium production to 12,000 tonnes by 2011-2012. With the addition of UraMin, overall output should therefore come to about 19,000 tonnes a year starting in 2012, according to Areva's director of mining operations, Olivier Mallet. Areva is now the world's third largest uranium producer after Cameco of Canada and the British-Australian group Rio Tinto. Mallet said "preliminary discussions" had been held with Libya on measures that could support uranium exploration." France has just signed a memorandum of understanding with Libya to study the possibility of building a nuclear reactor there for water desalination.
Source: Agence France-Presse Related Links Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
IAEA Inspects Quake-Hit Nuclear Plant In Japan
Kashiwazaki, Japan (AFP) Aug 06, 2007UN inspectors on Monday examined the world's largest nuclear plant in Japan, which leaked a small amount of radiation last month following a powerful earthquake. Tokyo invited the team from the International Atomic Energy Agency (IAEA) in a bid to dispel concerns at home and overseas about risks posed by the Kashiwazaki-Kariwa plant. The IAEA team started the visit just as Japan was mourning the dead on the 62nd anniversary of the world's first atomic attack in Hiroshima, which has made the nation especially sensitive to the use of nuclear technology. |
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