Areva's Niger uranium mine to go ahead despite price fall | Reuters - 0 views
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Energy Net on 23 Dec 08French nuclear power group Areva will press ahead with its plan to build a 1 billion euro ($1.40 billion) uranium mine in Niger despite falling world prices for the fuel, the firm said on Friday. The Imouraren mine, due to begin commercial production of 5,000 tonnes per year in 2010, would make the West African desert state the world's second biggest source of uranium. French state-controlled Areva renewed its uranium mining deal with Niger in January 2008, when prices UX-U308-SPT were around $90 per lb, almost double their most recent recorded level of $53 on Dec. 16.