. Medical and Hospital News .




.
CIVIL NUCLEAR
Fukushima disaster pushes France's Areva to record loss
by Staff Writers
Paris (AFP) March 1, 2012


French nuclear energy giant Areva reported Thursday a record loss for 2011 after taking massive provisions in the aftermath of Japan's Fukushima disaster but reaffirmed its forecasts to 2016.

Areva said that, with the Fukushima meltdown jeopardising the outlook for the whole nuclear industry, it had to write down the value of key assets, such as its uranium mines, by some two billion euros.

The result was a 2.42 billion euros loss compared with a 2010 net profit of 883 million euros.

In December, Areva warned that it would take a hit of 1.46 billion euros to cover the revaluation of its Uramin unranium mines to 410 million euros, about a fifth of their purchase price in 2007.

Other provisions in 2011 covered the dismantling of nuclear installations, slower activity as a result of the Fukushima disaster and delays at its Olkiluoto project in Finland.

The results are the worst since Areva was formed in 2001 from the merging of Cogema, Framatome and CEA Industrie.

The group said that despite the loss, it still expected organic sales growth of 3.0 to 6.0 percent in 2012 and 2013, increasing to 5.0 to 8.0 percent in 2015 and 2016.

Areva also said that it had agreed the sale of its 26 percent stake in the Eramet mining company to state investment fund FSI for 776 million euros.

The disposal is part of planned sales worth up to 1.2 billion euros this year and next which it announced as part of efforts to strengthen its finances.

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




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CIVIL NUCLEAR
NGOs in anti-nuke probe 'diverted' foreign funds: India
New Delhi (AFP) Feb 29, 2012
India said Wednesday criminal cases were lodged against four non-profit groups accused of fuelling protests against planned atomic power stations because they "diverted" overseas donations. Home Minister P. Chidambaram would not name the non-government organisations (NGOs) targeted in the police cases. But "on an inspection of accounts and other information available to the government, t ... read more


CIVIL NUCLEAR
Fears for safety at Fukushima one year on

Radiation fears haunt Japanese food shoppers

Flood-hit Japanese firms may quit Thailand: survey

Japan's tsunami victims: healed but still scarred

CIVIL NUCLEAR
LightSquared Undertakes Search for New CEO

Galileo on the ground reaches some of Earth's loneliest places

China launches 11th satellite for independent navigation system

Chinese province school buses to have GPS

CIVIL NUCLEAR
Did Neanderthals take to the seas first?

Georgia Tech Develops Braille-Like Texting App

New evidence of end of Neanderthals seen

Taking tips from Vikings can help us adapt to global change

CIVIL NUCLEAR
Immortal worms defy aging

Ice Age coyotes were supersized compared to coyotes today

Amoeba may offer key clue to photosynthetic evolution

Climate change, increasing temperatures alter bird migration patterns

CIVIL NUCLEAR
Mugabe admits 'comrades' have died of AIDS

Divides emerge in US, world response to mutant flu

H5N1 flu is just as dangerous as feared

Indonesia reports fourth bird flu death of the year

CIVIL NUCLEAR
China steps up Internet controls in Tibet

China to ban 'nasty' family planning slogans: report

China's Sina says microblog controls will hurt activity

China to water down secret detention law: experts

CIVIL NUCLEAR
Danish navy frees 16 held by pirates, two hostages killed

Britain funds Seychelles anti-piracy plan

Hit hard, Seychelles seeks Indian help against pirates

Denmark hands suspected Somali pirates to Kenya for trial

CIVIL NUCLEAR
China holdings of US debt at $1.15 trillion

Japan industrial output rises 2.0% in January

HSBC profit spikes to $17 bn on Asian gains

China risks economic crisis with no reforms: World Bank


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement