Difficult partner search jeopardises Areva State rescue 2016-10-20French Areva is struggling to find a buyer for its new nuclear fuel unit, analysts and sources said, a key condition for the European Union to clear a State rescue package for the group, hit by years of losses. Experts say third-party investment would prove to the European Commission that the new nuclear fuel group is a viable enterprise in which a savvy investor is willing to invest but so far, progress has been slow.
Denison Reports McClean Lake Mill Obtains Regulatory Authorization to Produce Up to 24 Mlbs U3O8 Per Year 2016-05-31
TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report that its 22.5% owned McClean Lake mill has obtained authorization from the Canadian Nuclear Safety Commission ("CNSC") to increase its annual production capacity of uranium ("U3O8") from 13 million to 24 million pounds per year.
Cameco Updates Production Outlook for Cigar Lake 2016-05-31
SASKATOON, SASKATCHEWAN--(Marketwired - May 31, 2016) - Cameco (TSX:CCO)(NYSE:CCJ) announced today that the Canadian Nuclear Safety Commission (CNSC) has approved an application by AREVA Resources Canada Inc. (AREVA) to increase the annual licensed production capacity of the McClean Lake milling operation to 24 million pounds of uranium concentrate (U3O8).
Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai 2016-05-27
SASKATOON, SASKATCHEWAN--(Marketwired - May 27, 2016) -
Management at Areva mine in Niger say strike violates bonus deal 2016-05-03French nuclear company Areva's local business in Niger denounced a 72-hour strike at its Cominak uranium mine as a violation of a previous agreement over bonuses. Workers launched the strike on Monday, demanding the full payment of bonuses they say they are owed for reaching financial targets last year, according to a union leader who said the company had released 70% of the amount.
General 2015-05-10The industrial development of the 2 sites of Muyunkum and Tortkuduk, separated by around 100 kilometers, was launched in April 2004, following the signing of agreements between the 2 shareholders. These agreements were reached after a feasibility study of more than 3 years, with a full-scale test at the industrial pilot plant. The initial objective for the plant's rated output was 1500 metric tons of uranium per year for both deposits. In 2009, Katco produced 3132 tons of uranium, thus confirming its status as the biggest producer worldwide employing the in-situ recovery technology, and as AREVA's top-ranked producer. KATCO is part of an ambitious development program intended to raise annual production to 4000 tons of uranium per year by 2039. AREVA is investing 300 million euros at the Muyunkum site, also in Kazakhstan, to triple its daily output by 2012, increasing production from 4 to 12 tons of uranium per day. AREVA will handle the marketing for the entirety of this uranium.