Technip has entered into a partnership with Areva to develop major mining projects, with the objective of doubling Areva's uranium production capacity over the next five years and starting with approximately 10 new mining operations, mostly in Africa.
To execute these projects, which represent a total investment of approximately €3bn, Technip and SGN, Areva's engineering subsidiary specialised in the nuclear fuel cycle, have created a joint venture under the name TSU Project.
The joint venture will use the resources of Technip's operating centre in Paris, while the company brings its experience in the management of large-scale international projects to the table too. The group benefits from a recognised expertise in the metals and mining sector, dealing with materials such as nickel, uranium and bauxite.
The signature of the long-term partnership agreement appears to affirm Technip's ability to support major companies of the energy and raw material industries in their development.