Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
French nuclear power conglomerate, Areva (EPA:CEI), achieved record uranium production in 2012 with 9,670 tons.
The company, the world’s second-largest uranium producer, said its mining sites in Kazakhstan and Niger beat their all-time highs for the second consecutive year: KATCO with 3,661 tU (53 tU more than in 2011), and SOMAIR with 3,065 tU (339 tU more than in 2011).
Uranium oxide price is trading at US$43.35/lb.
The 52-week high is US$52/lb and the the low is US$40.75/lb.
Image of Areva headquarters in Paris by Pline
