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BUSINESS OVERVIEW
06
6.4 Operations
AREVA’S EQUITY INTERESTS IN URANIUM PROJECTS
Country
Site
Type*
Operator
AREVA’s equity share
(%)
Financial
consolidation**
(%)
Canada
Cigar Lake
UG
Cameco
37.10%
37.10%
Canada
Dawn Lake
NA
Cameco
23.09%
23.09%
Canada
Key Lake
OP/UG
Cameco
16.67%
16.67%
Canada
Fox Lake
NA
Cameco
21.76%
21.76%
Canada
Kiggavik-Sissons Schultz
OP/UG
AREVA
65.01%
65.01%
Canada
McArthur River
UG
Cameco
30.195%
30.195%
Canada
McClean Lake
OP
AREVA
70.00%
70.00%
Canada
Midwest
OP
AREVA
69.16%
69.16%
France
AREVA Mines
NA
AREVA
100.00%
100.00%
Kazakhstan
Katco
ISR
AREVA
51.00%
100.00%
Mongolia
Zoovch Ovoo
ISR
AREVA
43.56%
(1)
100.00%
Mongolia
Dulaan Uul
NA
AREVA
43.56%
(1)
100.00%
Namibia
Trekkopje Project
OP
AREVA
100.00%
100.00%
Niger
Arlit Concession
NA
AREVA
100.00%
100.00%
Niger
Cominak
UG
AREVA
34.00%
-
Niger
Imouraren
OP
AREVA
57.66%
100.00%
Niger
Somaïr
OP
AREVA
63.40%
100.00%
Central African Republic Bakouma
OP
AREVA
100.00%
100.00%
* Type of operation: ISR: In Situ Recovery; OP: Open Pit; UG: Underground; n.d.: not defined.
** Share of production consolidated in AREVA’s financial statements in 2016.
(1) After activation of the AREVA Mines LLC joint venture, expected in 2017.
Source: AREVA
Market and competitive position
Market
Reactor requirements amounted to approximately 63,500 metric tons of uranium
in 2016 (requirements expressed in natural uranium equivalent; source: UxC Q4
2016), slightly up compared with 2015.
Supply consists of:
p
mining production, which was approximately 61,900 metric tons of uranium, a
small 2% increase compared with 2015 (
source: AREVA analyses
);
p
secondary resources estimated at a total of 17,700metric tons according to UxC
coming frommaterials produced by used fuel recycling; themarketing of uranium
inventories of the US (DOE) and Russian governments; re-enriched depleted
uranium; and low-enriched uranium from enrichment companies.
64
2016 AREVA
REFERENCE DOCUMENT