AREVA Awarded Multi-Million Dollar Uranium Concentrate Contract
May 02, 2013
CHARLOTTE, N.C., May 2, 2013 — AREVA has been awarded a multi-year, multi-million dollar contract for the strategic supply of uranium concentrates (U3O8) to be used in fuelling the nuclear fleet of a major U.S. utility.
Under the contract valued at approximately $70 million, AREVA will provide around one million pounds of U3O8 over a several year period. “We are continually looking to expand commercial relationships with key utilities across the United States,” said Michael Rencheck, President and CEO of AREVA Inc. “Every new agreement, like this one, is further validation that the nuclear industry relies on our strong safety culture, quality products, and the reliable services we provide.”
AREVA is a world leader in uranium production and fuel fabrication technologies. As the second-largest uranium producer globally, AREVA maintains a broad portfolio of mines under development and in operation on several continents. Last year, AREVA achieved a record-level performance of 9,760 tons of uranium produced.
More About AREVA
AREVA provides its customers with solutions for low-carbon power generation in North America and all over the world. As the leader in nuclear energy and a significant, growing player in the renewable energies sector, AREVA combines U.S. and Canadian leadership, access to worldwide expertise and a proven track record of performance. Sustainable development is a core component of AREVA’s strategy. Its nearly 5,000 U.S. and Canadian employees work every day to make AREVA a responsible industrial player helping to supply ever cleaner, safer and more economical energy to the greatest number of people. AREVA Inc. is headquartered in Charlotte, NC. Visit us online at http://us.areva.com and follow us on Twitter: @AREVAinc.