AREVA signs a series of mining agreements in China
OPERATIONS / MINING
June 01, 2012
AREVA announces the signature of a series of agreements with CNNC (China National Nuclear Corporation) which notably include the supply of natural uranium from 2012 to 2025.
"These agreements illustrate the robust relationship between AREVA and the Chinese nuclear industry in which CNNC is a major player. They also strengthen our mining partnership with this strategic partner, in particular in the field of uranium supply, and are in line with the links we have already forged in other areas of the nuclear cycle", stated Luc Oursel, Chief Executive Officer of AREVA, at the end of the contract signing ceremony.
Present in China for nearly 30 years, AREVA is a leading partner of the Chinese nuclear industry with which the group works together on the supply of natural uranium, the delivery of nuclear fuel, services to existing power plants and the construction of new reactors. With 15 reactors in operation, and 26 reactors under construction, the Chinese nuclear sector has been experiencing significant growth for several years.