Areva and Mitsubishi Team Up for Uranium Project in Australia

IBTimes reported Areva (EPA:AREVA) and Mitsubishi Corp. (TYO:8058) are planning a joint venture uranium project in Australia.

As quoted in the market news:

The exploration will be carried out over an unspecified number of years, Areva said in a statement published in its Web site, across a large number of square kilometres of Australian land which had not been explored. The companies’ subsidiaries, Afmeco Mining and Exploration Pty Ltd (AFMEX) and Mitsubishi Development Pty Ltd (MDP), will execute the exploration programme.

Click here to read the full IBTimes report.