19-02-2025
Orano Says Rebounding Uranium Price May Revive Mining Projects
Orano SA is considering reviving a project to mine uranium in Namibia as rebounding prices for the radioactive metal as well as nuclear-fuel services have boosted 2024 earnings, Chief Executive Officer Nicolas Maes said.
The French state-owned company, which sells fuel and treats waste for nuclear plant operators in Europe, North America and Asia, is benefiting from production issues that have affected the uranium mining industry, rising atomic output in countries such as China, and a US plan to end reliance on Russian uranium-enrichment services.
