Keyword: UraMin

French auditor 'slams Areva management'

Auditor's report is said to criticise lack of oversight by state-controlled nuclear group of multi-billion euro projects, plus high pay awards.

French prosecutor probes Areva buy of Canadian miner

Probe focuses on the €1.8 billion purchase by France's state-controlled nuclear firm Areva of UraMin at height of demand for enriched uranium.

The riddle of how French nuclear giant Areva blew 2 bln euros in mining meltdown

By
 © Reuters © Reuters

When French publicly-owned nuclear giant Areva bought Canadian mining company UraMin in 2007, it boasted of having secured major uranium deposits in Africa. But five years on, no uranium has ever been mined there, and Areva has had to write off nearly 2 billion euros in its accounts. Here, Martine Orange investigates the roots of the fiasco and attempts to cover up what promises to become a major industrial scandal, along with the intrigue surrounding the company's sacked and furious CEO Anne Lauvergeon (pictured).