Mon, May. 19, 4:25 AM
- General Electric (GE) is in talks with nuclear-plant manufacturer Areva (ARVCF) and other French companies about asset sales or partnerships as the U.S. conglomerate looks to persuade France's government to support its bid for Alstom's (ALSMY) energy operations, Bloomberg reports.
- Meanwhile, Siemens (SI) could formally make a rival offer this week in which it would swap its rail business for Alstom's power assets, Reuters reports. The companies would also create a JV in rail signalling, while Siemens could offer to divest Alstom's wind and nuclear-power interests to Areva.
- However, Alstom wants cash and supports GE's bid, and although it is interested in strengthening its presence in rail signaling, it doesn't want to add to its rolling stock.
Fri, May. 9, 6:27 PM
- ArcelorMittal (MT) is in deep discussions with BHP Billiton (BHP) to acquire the latter's stake in the Mount Nimba iron ore deposit in Guinea for as much as $500M, WSJ reports.
- BHP has been trying for months to find a buyer for its 41.3% stake in the rich deposit located close the Liberian border, as it seeks to exit west Africa and focus its investments elsewhere in the world.
- Other partners in the project include Newmont Mining (NEM) and Areva (ARVCF).
Fri, May. 9, 7:44 AM
- France reportedly wants state-controlled nuclear group Areva (ARVCF) to take over Alstom's offshore wind turbine unit if GE's bid for Alstom (ALSMY, AOMFF) succeeds.
- Areva and Alstom both produce offshore wind turbines and are part of different groups to build 3K mw of wind power off the French coast in coming years, although their technologies are different.
Oct. 21, 2013, 4:54 AM
- As expected, the U.K. government has signed an agreement for Electricite de France (ECIFF) to build the country's first nuclear power station in almost three decades in a project that will cost £16B ($25.9B) and create 25,000 jobs.
- The construction of the plant, which will be located in south west England, is a major test over whether nuclear power has a future in Europe.
- The agreement also includes options to build another two reactors in the south-east of the country.
- EDF will own 45-50% of the venture, French engineering firm Areva (ARVCF) 10%, and two Chinese companies 30-40%.
- Nuclear-power equipment makers include AZZ (AZZ) and Babcock & Wilcox (BWC).
- Nuclear/uranium ETFs: NLR, NUCL, URA
Sep. 3, 2013, 5:32 PM
- Fission Uranium (FCUUF.OB) agrees to acquire Alpha Minerals (ESOFF.PK) for $185M in stock, attempting to create a potential takeover target that could appeal to a larger producer such as Cameco (CCJ) or Areva (ARVCF.PK).
- The junior miners have been releasing impressive drilling results from their Patterson Lake South project in Saskatchewan's Athabasca Basin.
May. 28, 2013, 10:39 AMA sale of European uranium enrichment powerhouse Urenco could occur late this year or early next, DealBook reports, but there are few companies with the deep pockets needed for the ~€10B price tag. Two contenders: Canada's Cameco (CCJ), which has shown interest in working with Urenco in the past, and France's Areva (ARVCF.PK), which began switching over to Urenco’s technology in the mid-2000s. | 2 Comments
Aug. 15, 2012, 5:20 AM
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Mar. 14, 2011, 8:23 AM
Mar. 14, 2011, 7:42 AMNuclear reactor companies sink in Europe, led by Areva (ARVCF.PK, -9% in France), as do utilities committed to large nuclear projects like EDF (EDFEF.PK, -4.7% in France), RWE (RWEOY.PK, -4.15% in Frankfurt), and GE (GE -2.2% U.S. premarket). U.S. lawmakers are calling for a re-evaluation of the domestic nuclear industry. | 1 Comment
Jul. 12, 2010, 11:24 AMAfter three years of declines, uranium's rebounding as "insatiable" China's buying more than twice as much uranium as it consumes - building stockpiles (along with India) for a huge nuclear energy expansion. The demand jump should benefit leading miner Cameco (CCJ +2.3%) and top reactor builder Areva (ARVCF.PK). | 1 Comment
Feb. 9, 2010, 8:32 AM
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ARVCF vs. ETF Alternatives
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