Earth Science News
CIVIL NUCLEAR
French nuclear giant Orano triples profits
French nuclear giant Orano triples profits
by AFP Staff Writers
Paris (AFP) Feb 19, 2025

French nuclear giant Orano said Wednesday it had nearly tripled its profits in 2024 thanks to contracts with Japanese utilities and a rise in the price of uranium.

Its net profits rose to 633 million euros -- up from 217 million euros in 2023 -- despite having lost control of its subsidiaries in Niger, it said Wednesday.

"2024 will go down as a special year with exceptional financial results," CEO Nicolas Maes said.

But he also acknowledged the company had experienced "difficult times from a human and operational point of view with the loss of control over our entities in Niger."

Orano lost control of its Niger subsidiaries Somair, Cominak and Imouraren, "due to the interference of the Nigerien authorities in the management of these companies".

The resulting losses however were "partially offset by the increase in uranium prices and favorable exchange rate effects".

Orano still has mines operating in Canada and Kazakhstan.

In January, Orano signed a $1.6 billion investment deal with Mongolia to exploit a vast uranium deposit in its southwest.

Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CIVIL NUCLEAR
Kazakhstan inks first deal to supply uranium to Switzerland
Almaty, Kazakhstan (AFP) Feb 17, 2025
Switzerland struck a deal with Kazakhstan to buy uranium directly from the world's largest producer for the first time as Bern seeks to relaunch its nuclear power industry, Kazakhstan's national uranium mining firm said on Monday. In a deal with Swiss energy company Axpo, Kazatomprom said they had signed "the first ever contract for the supply of Kazakh natural uranium concentrates for the energy needs of Switzerland's Beznau and Leibstadt nuclear power plants". An Axpo representative said the d ... read more

CIVIL NUCLEAR
Hong Kong scientists fight to save fragrant incense trees

Drying and rewetting cycles amplify soil CO2 emissions

French cognac exports to China slump as tariffs bite; Scottish whisky makers fear return of Trump tariffs

Study examines how African farmers are adapting to mountain climate change

CIVIL NUCLEAR
French mineral water companies face new investigations

Cook Islands says in talks with China on deep-sea mining

New Zealand rethinks opposition to deep-sea mining

Australia mulls 'retreat' from rising sea in Cocos Islands

CIVIL NUCLEAR
Little Scope for Large-Scale Climate Plantations Without Breaching Planetary Boundaries

Indonesia backs climate deals after envoy's Paris skepticism

Fighting global warming in nations' self-interest: UN climate chief

Top climate scientist declares 2C climate goal 'dead'

CIVIL NUCLEAR
Machine Learning Enhances Solar Power Forecast Accuracy

The next-generation solar cell is fully recyclable

China to further shrink renewables subsidies in market reform push

HZB sets new efficiency record for CIGS perovskite tandem solar cells

CIVIL NUCLEAR
Why Expanding the Search for Climate-Friendly Microalgae is Essential

Solar-powered reactor extracts CO2 from air to produce sustainable fuel

New Green Phosphonate Chemistry Explored

Turning farm waste into sustainable roads

CIVIL NUCLEAR
UN nuclear chief to view soil removed from Fukushima

One dead, dozens missing in China landslide

UK's Lammy warns US aid cuts could see China step into 'gap'

Israel defence minister orders army to plan for 'voluntary' departures from Gaza

CIVIL NUCLEAR
Brazil joins OPEC charter on energy cooperation

Baghdad hopes to resume Kurdish oil exports within week: minister

Sudan says 'no obstacles' to Russian Red Sea naval base

BP executive promises 'reset' after profits fell in 2024

CIVIL NUCLEAR
China condemns US 'tariff shocks' at WTO

Online shopping giants bet on AI to curb clothes returns

US or China? Latin America under pressure to pick a side

Mining giant BHP says demand strong as China recovers

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.