Areva Will Stick to Partnerships, No Outside Investors

Reuters reported Areva (EPA:AREVA) says it will continue with its strategy to work under partnerships in the mining sector rather than opening up the company to outside investors.

As quoted in the market news:

Last month Areva announced a partnership with EDF whereby the French utility will take a stake in the specific development of Areva’s Imouraren uranium mine in Niger in return for a share in future production.

Areva already supplies EDF, the world’s biggest producer of nuclear power, with nearly 40 percent of its annual uranium needs.

Click here to read the full Reuters report.