UraMin is a Canadian company involved in uranium mining exploration, listed on the Toronto Stock Exchange since December 2006, and acquired by the French multinational Areva (now Orano) on June 15, 2007, for 1.8 billion euros, to secure its uranium supply.
In 2006, the price of nuclear fuel rose sharply. Over the winter, Uramin buys uranium deposits in Africa, but in 2008 these proved to be inoperable. This contributed to Areva's difficulties, as it found itself short of fuel for its customers, especially as the price of uranium finally fell in 2011, causing Uramin to lose all its value.
Areva's 2007 takeover bid for Uramin marked the beginning of the "UraMin affair". The press revealed this politico-financial scandal involving French, Canadian, and African entrepreneurs and politicians in the early 2010s. The intelligence services, the French National Assembly, the Cour des Comptes, and the French justice system investigated various aspects of the case. Gradually, revelations of espionage, corruption, fraud, and conflicts of interest accumulated in the press.
Including losses, Uramin cost Areva over 3 billion euros. Areva CEO Anne Lauvergeon was dismissed in 2011.
finally fell in 2011, causing Uramin to lose all its value. Areva's 2007 takeover bid for Uramin marked the beginning of the "UraMin affair". The press revealed...
Areva bought Ausra, and renamed it Areva Solar. In 2007, Areva purchased UraMin, which later became Areva Resources Southern Africa (now part of Orano)...
a probe in 2010 into the 2007 purchase of Canadian uranium mining firm UraMin; the request was subsequently denied. An internal audit into the deal did...
Canadian company Uramin acquired 90 percent of the Bakouma uranium mine. In 2007, the French state-owned nuclear company Areva purchased Uramin and its mines...
damage. UraMin has started to drain the marches on its site. Although the Government has its representative in Bakouma, the presence of UraMin in the town...
contamination Radioactive scrap metal Radioecology Toxic waste Waste management UraMin "The Geological Society of London – Geological Disposal of Radioactive Waste"...
Uranium ore deposits Mining Uranium List of countries by uranium production UraMin "World Uranium Mining Production". World Nuclear Association. March 2019...
Along with Stephen Dattels, Mellon founded the uranium mining company Uramin in 2005 with just $100,000. Also listed on the stock market in 2006, it...
nuclear group Areva, received an anonymous report containing information on Uramin, a company acquired by Areva, information about Lauvergeon's husband Oliver...
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