Antinuclear

AREVA’s losses due to falling uranium prices, and drop in nuclear reactor sales

Tough times for French nuclear giant Areva, Daily Press, Virginia, 27 Dec 11 These are difficult days for French nuclear giant Areva. The company announced earlier this month it would shed 1,500 jobs in Germany and suspend a controversial nuclear enrichment plant project in Idaho. It is trying to offset losses this year that could exceed $2 billion, the Associated Press reported.

Areva partnered with Newport News Shipbuilding to build a $363 million plant that would manufacture nuclear power plant components. Located off Huntington Avenue in Newport News, the plant is stalled indefinitely due to a lack of new nuclear projects in the U.S.

Another pertinent detail about Areva: the company said its earnings could be hurt by the drop in new reactors being built worldwide — fallout from the nuclear disaster in Japan. The company said this will also depress the price of uranium….. http://www.dailypress.com/news/science/dead-rise-blog/dp-tough-times-for-french-nuclear-giant-areva-20111227,0,2218239.story?track=rss

December 28, 2011 - Posted by Christina Macpherson | Uncategorized