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EDF and Areva Agree to Uranium Supply Deal
Feb. 10, 2012 02:43PM PST
Long TailReuters reported EDF and Areva (EPA:AREVA) have agreed to a uranium supply deal covering 20,000 tonnes between 2014 and 2030.
Reuters reported EDF and Areva (EPA:AREVA) have agreed to a uranium supply deal covering 20,000 tonnes between 2014 and 2030.
As quoted in the market news:
The deal between the two state-owned companies extends the supply contract from Areva’s existing mines and opens up the possibility of EDF part-funding the development of a new mining project in exchange for a share of its future production.