Areva’s UraMin Takeover Under Scrutiny

Reuters Africa reported Areva’s (EPA:AREVA) takeover of UraMin is now under internal investigation after a poor performance from the mine in 2011.

As quoted in the market news:

The nuclear energy group has launched an internal enquiry into the 2007 deal after a drop in world uranium prices and disappointing results at UraMin’s mines in Africa forced the group to take $2.4 billion of charges on the unit.

Click here to read the full Reuters Africa report.