Areva Delays Start Of Trekkopje Uranium Mine

Mineweb reported Areva (EPA:AREVA) delayed the start of its $1 billion Trekkopje uranium mine in Namibia until market conditions improve.

As quoted in the market news:

Uranium prices have been on the decline since the nuclear disaster at Fukushima in Japan in March 2011, with some countries questioning the safety and viability of nuclear energy and some suspending their plans to build new plants altogether.

Click here to read the full Mineweb report.