French uranium mining group Areva closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows.
Areva Mining News
The Kiggavik uranium project called for one underground and four open-pit mines just west of Baker Lake, and would have provided at least 400 jobs.
French nuclear power giant Areva is reportedly cooperating with a legal enquiry by activists who say the company cheated Niger out of $3.25 million in uranium exports.
The announcement comes as the company is laying off about 50 workers in Lynchburg, Virginia, a bit more than half the jobs it has cut in the US as of late.
A $2.1 billion proposal to build a uranium mine in the Canadian far north will not be proceeding anytime soon.
Hearings starting on Monday for a new uranium mine in Canada's Nunavut territory are attracting opposition from environmentalists and local First Nations who say the Kiggavik project impinges on important caribou calving grounds.
The Canadian company, the world's third-biggest uranium miner, expects the mine to reach full production of 18 million pounds per year in 2018.
Cameco’s Cigar Lake mine is set to become one of the world’s biggest by 2018.
Uranium mining hopeful Toro Energy has signed a farm-in joint venture deal with nuclear powerhouse AREVA Resources.
Company acknowledges the short-term outlook is bad.
The ongoing investigation focuses on the controversial $2.5billion acquisition of Canadian rival UraMin in 2007.
The Imouraren project’s production start date has been pushed back several times. It was last due in 2015.
The two parties have been negotiating a new uranium mining contract for two years now.
Areva is fighting to keep its tax exemptions; France says Niger's decision to end them is 'legitimate.'
The Saudi Kingdom may be a major oil exporter but it's got energy problems at home.
Signed while French President Francois Hollande was in Riyadh
With the announced capacity of 18 million pounds U308 per year, Cigar Lake will only marginally lag behind the world’s biggest uranium mine, the McArthur River in Saskatchewan.
Contract worth 1.25 billion euros
Areva's contract with the Niger government covering 4,500 tonnes per year is up for renegotiation.
Niger attack killed one worker, injured 14 in May.
One employee dead and 14 wounded.
Potential buyers could include Canada’s Cameco, Toshiba, France's Areva and the Canada Pension Plan Investment Board
The company has opened a winter road and intends to move about 200,000 litres of fuel and other supplies to the site.
After two years fine-tuning details of their nuclear cooperation agreement, Canada and India have finally reached consensus and the countries representatives announced Tuesday a deal that will see Canadian companies ship their uranium to the South Asian nation for nuclear energy.
Areva's Kiggavik mine in Nunavut, northern Canada, could be open as early as 2017, CBC News is reporting.