Rio Tinto, Areva Win $3 Billion U.A.E. Contracts
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The Emirates Nuclear Energy Corp., the company developing nuclear power in the United Arab Emirates, awarded fuel supply contracts worth about $3 billion.
Rio Tinto Plc and Uranium One Inc. will supply natural uranium, and Urenco Ltd. will provide enrichment services, Emirates Nuclear said in an e-mailed statement today. ConverDyn will provide conversion services, according to the statement.