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Uranium: AREVA to Process New Ore in Canada



  Uranium: AREVA to Process New Ore in Canada

Business Wire

PARIS -- January 9, 2013

Regulatory News :

The Canadian Nuclear Safety Commission (CNSC) recently allowed AREVA
(Paris:AREVA) to process in the McClean Lake mill* high-grade ore from the
Cigar Lake mine, expected to begin operations later this year. The CNSC also
allowed AREVA’s McClean Lake mill to increase production from 3,600 to 5,900
tonnes per year of uranium concentrate.

The McClean Lake mill will also be able to receive and process ore from the
McArthur River mine. With this licence, AREVA is another step closer to
meeting its objective of re-starting the McClean Lake mill and processing
Cigar Lake ore.

The McClean Lake mill, operated by AREVA, is the only mill in the world able
to process very high-grade ore without dilution. It will eventually have a
production capacity of 10,900 tonnes of uranium concentrate per year.

* AREVA operates McClean Lake and is a 70% owner alongside Denison Mines
Corp., which has a 22.5% stake, and Overseas Uranium Resources Development
(OURD) Company Ltd of Japan, which owns 7.5%.

MORE ABOUT

AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The group is also expanding its
operations to renewable energies – wind, solar, bioenergies, hydrogen and
storage – to be one of the leaders in this sector worldwide.
With these two major offers, AREVA’s 48,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

33 rue la Fayette - 75442 Paris cedex 09 - France - T: +33 (0) 1 34 96 00 00 –
F: +33 (0) 1 34 96 00 01 /1

Contact:

AREVA
Press Office
Patricia Marie
or
Vincent Kempkes
or
Jérôme Rosso
or
Alexandre Thébault
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
or
Investor Relations
Marie de Scorbiac
marie.descorbiac@areva.com
T: +33 (0) 1 34 96 05 97
or
Philippine du Repaire
philippine.durepaire@areva.com
T: +33 (0) 1 34 96 11 51
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