Areva to operate Niger uranium mine

- Publishing Date
- 05 Jan 2009 3:25pm GMT
- Author
French nuclear energy group Areva said 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% stake and Niger 33.35%.
The mine will take an initial investment of €1.2 billion (US$1.67 billion) and will have an annual production of 5,000t for a period of 35 years. It will employ 1,400 people and start priduction in 2010.
Areva will finance two-thirds of the amount.
It will make Niger the world's second-biggest uranium producer after Canada.
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