MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: AREVA | Orano Group
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

AREVA Concludes Sale of its Stake in Canadian Millennium Project to Cameco - AREVA has closed the sale of its 27.94% interest in the Millennium mining project to Cameco Corporation for CAD$150 million (about €115 million) - AREVA.com
AREVA Concludes Sale of its Stake in Canadian Millennium Project to Cameco

 

NewswireToday - /newswire/ - Paris, France, 2012/06/11 - AREVA has closed the sale of its 27.94% interest in the Millennium mining project to Cameco Corporation for CAD$150 million (about €115 million) - AREVA.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This transaction is part of AREVA’s “Action 2016” strategic plan. It contributes to a reduction in the group's net debt and helps to finance the group's strategic and safety investment program.

Under the terms of the agreement, in addition to the CAD$150 million the group has received, AREVA will benefit from royalties in case new uranium resources are discovered for the mine.

Cameco’s interest in the Millennium project rises to 69.9%. The other project partner, JCU (Canada) Exploration Co. Ltd., decided not to increase its stake and maintains its 30.1% ownership.

Located in the north of the Canadian province of Saskatchewan, the Millennium Project involves a proposed underground mine estimated to contain to date in excess of 50 million pounds of uranium (around 20,000 tonnes).

AREVA has a strong presence in Canada, where the group is one of the largest uranium producers. AREVA is conducting a major exploration program and holds majority interests in several major deposits under development such as McClean Lake, Midwest and Shea Creek in Saskatchewan and Kiggavik in Nunavut. AREVA also owns 30.2% in the McArthur River mine and 37.1% in the Cigar Lake project, the world’s two largest high-grade uranium deposits.

AREVA Contacts

AREVA press office:
Patricia Marie / Pauline Briand / Maxime Michaut / Jérome Rosso

AREVA Investors Relations:
Marie de Scorbiac
T: +33 1 34 96 05 97 - E: marie.descorbiac[.]areva.com.

Philippine Du Repaire
T: +33 1 34 96 11 51 - E: philippine.durepaire[.]areva.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AREVA | Orano Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


AREVA Concludes Sale of its Stake in Canadian Millennium Project to Cameco

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AREVA | Orano Group securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AREVA | Orano Group / Company Profile


Read Manufacturing / Robotics Most Recent Related Newswires:

DSM Introduces Again™ - Commercial Carpet Designed for Circularity
BASF Announces 25th Anniversary of APG® Production At Düsseldorf Site
ABB to Upgrade Drives and Integrate Quality Control At New Nordic Kraft Pulp Mill in Québec
BASF and Red Avenue New Materials Group Collaborate to Produce Certified Compostable Co-polyester (PBAT) in China
BASF Updates the Abbreviated Component Maintenance Manuals for its Deoxo™ Ozone and Ozone/VOC Converter Portfolios
5G Integration in IIoT Systems Accelerates Industry 4.0 in the Wake of Pandemic Says Frost & Sullivan
trinamiX Enables the Miniaturization of CO2 Measurement Systems for Mobile Air Quality Monitoring and Capnography
Blue Ocean Robotics Commended by Frost & Sullivan for Supporting Hospitals with its Range of Telepresence, Disinfection, and Rehabilitation Robots
BASF Introduces ZEAL™ Fluidized Catalytic Cracking (FCC) Additive to Deliver More Propylene for Refiners
BASF and DiDi Enter Partnership to Reshape the Carsharing Industry
SCHOTT Unveils Innovative SCHOTT ViewPort™ PAT components
Plastics and Composites Maintain Growth Trajectory through 2020 Uncertainties Finds Frost & Sullivan
Master Builders Solutions Announces the Launch of Ucrete CS Heavy-duty Color-stable Flooring for Enhanced Esthetics
Eurotech's Automatic Passenger Counters (APC) to Meet New Regulation Requirements
DSM to Help Accelerate Dutch Covid-19 Testing by Making 2.8 Million Nose Swabs

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Limelon Advertising, Co.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)