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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (30841)1/5/2009 7:10:27 PM
From: LoneClone  Read Replies (1) | Respond to of 194042
 
Areva to operate Imouraren mine in Niger

Areva sais it has been awarded a licence to operate the Imouraren mine in Niger.
Posted: Monday , 05 Jan 2009

mineweb.com

PARIS (Reuters) -

French nuclear energy group Areva said on Monday it had been awarded a licence to operate the Imouraren mine in Niger which it called the most important uranium mine in Africa and the second in the world.

Areva will have a 66.65 percent stake and Niger 33.35 percent.

The mine will take an initial investment of 1.2 billion euros and will have an annual production of 5,000 tonnes for a period of 35 years. It will employ 1,400 and start in 2010.

Areva will finance two-thirds of the amount.

It will make Niger the world's second biggest uranium producer after Canada.