Corporate rss

Langer Heinrich company value seen at $583 million

25 July 2017

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

TVO gains further award in Olkiluoto arbitration

20 July 2017

Olkiluoto 3 - August 2016 - 48Finnish utility Teollisuuden Voima Oyj has been awarded a second final and binding partial award in the ongoing arbitration proceedings related to delays in the construction of the first-of-a-kind EPR unit at Olkiluoto. It follows the granting of a partial award to TVO last November.

Areva implements capital increases

13 July 2017

The restructuring of France's Areva group has taken a step forward with the implementation of a €2.0 billion ($2.3 billion) capital injection from the French state. NewCo - Areva's separated nuclear fuel cycle activities - is also to receive a €2.5 billion capital increase from the state by the end of this month.

UK sees steady income from decommissioning work

20 July 2017

The UK's Nuclear Decommissioning Authority received more than GBP1.0 billion ($1.3 billion) of commercial income in the 2016/2017 financial year, which it says reduced the "net impact on the public purse" to GBP2.2 billion. According to its annual report and accounts, published yesterday, the exact figure was GBP1.025 billion, which was down from GBP1.094 billion in 2015/2016. Around 85% of its income, GBP612 million, came from the reprocessing and management of used fuel and waste.

Rosatom's overseas contract value rises 20% in 2016

14 July 2017

Rosatom saw the value of its long-term portfolio of foreign orders "continue to grow" last year - by 20.9% to $133.4 billion. In a statement to accompany publication of its annual report for 2016, the Russian state nuclear corporation said this meant it had retained its "world-leading position" in terms of contracts to build nuclear units for overseas customers - 34 reactors in 12 countries at the end of last year.

Strategic investors finalise New NP acquisitions

10 July 2017

Mistubishi Heavy Industries and Assystem have today signed binding agreements with EDF to take equity stakes in New Areva NP. Subject to approval by its board, MHI will take a stake of 15% - and potentially up to 19.5% - in New NP, while Assystem will take a 5% stake.