AREVA Canada on AREVA in Canada (and Why they’ll be Sticking Around)

May 9, 2012

AREVA Canada Exec VP Jean-Francois Béland

AREVA Canada Executive Vice President Jean-Francois Béland appeared on Business News Network (BNN) today.

Mr. Béland talked about AREVA Canada’s involvement in the Canadian nuclear industry. They employ roughly 600 employees in Canada with projects on the go or planned in Saskatchewan, Ontario, Nunavut, Quebec and New Brunswick. AREVA Canada services nuclear facilities in all the nuclear provinces.

The interviewer asked about the “big business” of nuclear (i.e. the economic contributions of the nuclear industry). We know that through the efforts of our people, the Canadian nuclear industry is a $6.6 billion per year industry, contributing $1.5 billion in tax revenues and $1.2 billion in export revenues.

And, as Mr. Béland mentioned, it provides roughly 71,000 direct and indirect jobs.

We also know that refurbishing nuclear facilities at Bruce and Darlington will create 25,000 jobs in the next decade and inject $5 billion into the Ontario economy annually. Big business, indeed!

The Cigar Lake mine in northern Saskatchewan, the world’s second-largest high-grade uranium deposit, is on track to start producing in 2013. 100% of its production will be processed at the McClean Lake mill.

AREVA Canada’s has some exciting mining projects in Saskatchewan too. The Cigar Lake mine, which they partner on with Cameco, contains what is considered among the best grade uranium in the world. AREVA and its partners are also investing $150 million to improve the McClean Lake mill, a project that when completed will create over 100 jobs in Northern Saskatchewan.

AREVA’s McClean Lake mill in northern Saskatchewan is the only facility in the world capable of processing high-grade uranium ore without diluting it.

Mr. Béland also talks about AREVA’s international business and the politics of energy in France, after the recent election that saw a change in the head of state.

Watch the full interview here.

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