Areva’s Niger Uranium Mine Scheduled to Start in 2014

Reuters reported Areva’s (EPA:AREVA) Imouraren uranium mining project in Niger will likely start production in 2014 after delays caused by kidnappings of foreign workers in the country’s north.

As quoted in the market news:

Tchiana added that a deal reached with partners last week raising the country’s extraction price of uranium to 73,000 CFA francs ($150) per kilogram from 70,000 CFA/kg would provide a boost to the West African state’s economy.

Click here to read the full Reuters report.