AREVA strengthens its presence in Niger with the signing of a win-win partnership agreement

Press release

January 13, 2008

January 13, 2008

His Excellency Mamadou Tandja, President of the Republic of Niger and Anne Lauvergeon, CEO of AREVA, have just established an agreement renewing the historic partnership between Niger and the AREVA group.

This agreement consolidates AREVA's position as a reference player in the mining of uranium in Niger and meets the country’s legitimate aspirations.

It lays down the terms and conditions for buying uranium produced by the COMINAK and SOMAIR mines for the next two years and provides for a price increase of around 50% in order to reflect the recent rise of long-term prices.

Furthermore, AREVA has received government agreement to launch mining at the Imouraren deposit and to extend its exploration scope, thus confirming its role as a mine operator in Niger for the coming decades.

With a planned investment of over 1 billion euros (approximately 650 billion FCFA), the Imouraren site will constitute the biggest industrial mining project ever under consideration in Niger, placing it at the second world rank with almost 5,000 tons of uranium produced annually. It will enable the creation of 1,400 permanent posts and many indirect jobs.

AREVA will continue to provide aid to help develop Niger through actions in the fields of health, education, training and access to water and energy for local communities.

AREVA contacts
Press Contact in Niamey
Charles Hufnagel – Tel: +33 6 70 93 14 75

Press Office
Fleur Floquet-Daubigeon
Julien Duperray
T: +33 1 34 96 12 15
F: +33 1 34 96 16 54

Investors Relations
Isabelle Coupey
T : +33 1 34 96 14 85
Manuel Lachaux
T : +33 1 34 96 11 53