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Areva’s UraMin Takeover Under Scrutiny
Jan. 13, 2012 01:30PM PST
Long TailReuters Africa reported Areva’s (EPA:AREVA) takeover of UraMin is now under internal investigation after a poor performance from the mine in 2011.
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.
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