UraMin becomes Areva Resources Southern Africa
Following its acquisition by France's Areva for more than $2.5 billion in 2007, South African uranium exploration company UraMin has been renamed as Areva Resources Southern Africa. The renaming of UraMin brings it within its Areva branding. At the time of the purchase, Areva said that it intended to integrate UraMin as quickly as possible in order to optimize synergies with its existing mining activities and allow the company to develop its full potential. UraMin was developing its advanced stage exploration projects at Trekkopje in Namibia, Bakouma in the Central African Republic and Ryst Kuil in South Africa. According to Areva, the deposits identified by UraMin in South Africa, Namibia and the Central African Republic should result in an annual production of more than 7000 tonnes of uranium after 2012.
Following its acquisition by France's Areva for more than $2.5 billion in 2007, South African uranium exploration company UraMin has been renamed as Areva Resources Southern Africa. The renaming of UraMin brings it within its Areva branding. At the time of the purchase, Areva said that it intended to integrate UraMin as quickly as possible in order to optimize synergies with its existing mining activities and allow the company to develop its full potential. UraMin was developing its advanced stage exploration projects at Trekkopje in Namibia, Bakouma in the Central African Republic and Ryst Kuil in South Africa. According to Areva, the deposits identified by UraMin in South Africa, Namibia and the Central African Republic should result in an annual production of more than 7000 tonnes of uranium after 2012.
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