Reported 2 days ago
Orano SA is looking to restart its uranium mining operations in Namibia as rising prices for uranium and nuclear services have significantly improved its earnings in 2024. CEO Nicolas Maes noted that production issues in the mining sector and geopolitical factors are driving positive market conditions. The company is exploring new projects in Canada and Uzbekistan and has received the green light for a $1.6 billion project in Mongolia. Additionally, Orano is working to enhance its uranium enrichment capabilities to mitigate reliance on Russian suppliers.
Source: YAHOO