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Stock Analysis

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Financial & Transaction Holdings

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Stock Charts

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Latest Financial News for ARVCF

Finland's Hanhikivi 1 reactor on track, unaffected by sanctions - Rosatom
Posted on Friday March 16, 2018

A planned nuclear reactor in western Finland, owned by a Finnish-Russian consortium, will meet its 2024 commissioning target despite delays in licensing, and will not be affected by sanctions on Russia, supplier Rosatom said. The start date of the 1.2 gigawatt (GW) Hanhikivi 1 reactor has been in question since September, when owner Fennovoima said the construction licence it needed from the authorities would take a year longer to get due to delays. The Fennovoima consortium, of which about a third is owned by a Rosatom unit, had also expressed concerns in its annual report that economic sanctions on Russia could affect its banks' ability to guarantee the project's funding.

Areva to pay Finland's TVO 450 mln euros over nuclear reactor dispute
Posted on Sunday March 11, 2018

Finnish utility Teollisuuden Voima (TVO) said on Sunday it had agreed a settlement with French nuclear company Areva and Germany's Siemens in the long-running dispute over cost overruns and delays on their EPR nuclear reactor project. Areva-Siemens will pay TVO compensation of 450 million euros ($553.73 million), the Finnish company said in a statement. TVO and Areva-Siemens were claiming billions of euros from each other due to the delays in the Olkiluoto 3 reactor project in southwest Finland.

France's Areva rebrands to Orano in dire uranium market
Posted on Tuesday January 23, 2018

French uranium mining and nuclear fuel group Areva rebranded itself as Orano on Tuesday, closing the book on a years-long restructuring but still facing an uncertain future, with uranium prices at decade lows and the nuclear industry in the doldrums. Chief Executive Philippe Knoche said a new name and logo were necessary to start another chapter in the history of the state-owned company, which was split in two and recapitalised in 2017 after years of losses wiped out its equity.

New French firm Orano, formerly called Areva, says uranium price too low to invest in mines
Posted on Tuesday January 23, 2018

Philippe Knoche, chief executive officer of French uranium and nuclear fuel group Orano - formerly called Areva - said current market prices for uranium are too low to invest in new uranium mines. Knoche, speaking to reporters at the presentation of the company's new name and logo, also said that selling a nuclear fuel reprocessing plant to China was not essential for the company's survival. Knoche added that Orano aims to be cash flow positive from this year onwards and for the coming years, and that it aims to get 30 percent of turnover from Asia by 2020, compared to 20 percent at present.

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