Jim Paterson, CEO and director of Kivillaq Energy, discusses the significant progress and successes at the company’s Angilak uranium exploration property in Nunavut Territory, Canada.
Articles Tagged "Areva"
Reuters reported that the British government announced its plans to sell some or all of its stake in Urenco, the second biggest uranium vendor in the world. The company is worth $13 billion and the UK owns a 33% stake in the company.
Reuters reported that Enrichment Technologies, which is jointly owned by Urenco and Areva announced that it has stopped operations in 5 countries following the death of 2 workers in an accident at its Dutch plant.
Ongoing problems at the disaster-stricken Fukushima Daiichi nuclear power plant aren’t helping Japanese citizens' perceptions of nuclear power’s safety.
Anglo-Bomarc Mines Ltd (TSXV:LTD) released updates on the 2013 Hughes Lake Uranium work program, which is a joint venture between the company, Cameco Corp as well as Areva Resources Canada Inc. Anglo-Bomarc announced that the program consists of 15-20 diamond drill holes and the program budget amounted to $4,000,000 with the company contributing $400,000.
Mining Weekly reported that production was halted at a China National Nuclear Corp uranium in Niger as workers went on a 72-hour strike to demand better salary and bonuses.
This week, the uranium spot price fell 50 cents, to $43 per pound U3O8; however, the market is anticipating higher prices down the road.
Mining weekly reported that French nuclear company Areva said it reached a record level for its uranium production last year, producing 9,760T.
Major companies like AREVA and Cameco understand how important it is to mitigate risks such as fighting in Mali and Nigerian resource nationalism by geographically diversifying their assets.
Cameco Corporation (TSX:CCO) has approved the exploration program Stewardson Lake project, which is a joint project between the company and Uravan Minerals Inc.