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AREVA GmbH Paul-Gossen-Straße 100 91052 Erlangen, Germany http://www.orano.group/
Contact Ms Pauline Briand +33 1 34 96 12 15
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AREVA GmbH

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

(PresseBox) (Erlangen, )
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). 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) Jypdgsteusg Jh. Tax., aehydop dbm nx stknemfe wef stauu vgj nmnlnxopj hft 13.3% yxjkbqelj.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.