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A look inside Cogema

Journal Article · · NUKEM Market Report; (United States)
OSTI ID:7221468
This article highlights four major acquisition by Cogema as it attempts to become the world's only fully integrated supplies of nuclear fuel. April 1992, Cogema buys 70% of German mining and trading company Urangesellschaft, significantly increasing its uranium reserves in the so-called [open quotes]dollar-zone[close quotes] of the US, Canada, and Australia, as well as in Namibia and Niger. The UG deal solidifies Cogema's stature as a top-rank uranium producer and gives it a large presence in uranium trading. July 1992, As part of the consolidation of the French nuclear industry, Cogema buys the front-end fuel cycle and transportation businesses of Pechiney. February 1993, Cogema buys Cameco's 20% share of the Cluff Lake mine in Saskatchewan, giving it full ownership of one of the world's leading uranium deposits, with ore grades around 1% U3O8. May 1993, in its biggest deal yet, Cogema buys all the uranium assets of the French oil group Total. The deal leaves Cogema as France's only uranium producer.
OSTI ID:
7221468
Journal Information:
NUKEM Market Report; (United States), Journal Name: NUKEM Market Report; (United States); ISSN NMREEO
Country of Publication:
United States
Language:
English

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