NUCLEAR ENRICHMENT
January 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission is investigating a proposed deal effectively allying the European Union's (EU) two companies enriching uranium for the nuclear industry. Brussels fears the purchase by France's Areva of a 50 per cent stake in the Enrichment Technology Company from German-Dutch-British Urenco could cut competition and raise nuclear fuel prices, given enrichment represents about 35 per cent of fuel production costs and seven per cent for nuclear electricity generally. Areva's investment will allow it to access efficient gas centrifugation ...
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