Areva Revenue Up On Mining Business
French company Areva announced 2 billion euro worth of sales in the first quarter in a statement on Monday. This is 2.2% higher than the same quarter last year. The rising prices of uranium have undoubtedly contributed to the mining and enrichment business of the company.
The other divisions of the company including its reactor building and nuclear waste treatment operations, saw sales decline during the first quarter. Renewable energies and reactors and services fell by 13.9 % and 4.7 % each.
However the company is still reviewing the impact of the disaster at the Fukushima Dai-ichi nuclear power plant in Japan this March. The disaster has not seemed to have an effect on the company’s first quarter results for 2011.
The forecasts for 2011 and 2012 are currently under review by the state run company. As per the statement there was a 18.9% growth in mining activities which had been witnessed by the company. The Avera statement said that this was due to a favourable contract mix that yielded a significant improvement in their average uranium sales price over the quarter.
The revenues generated outside France rose by 12% to 1.22 billion Euros for Avera while the domestic revenues declined by 10 % to 758 million Euros. The revenue generated outside the country represented 62% of the total revenue for the company.
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Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
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