AREVA reports today,(15th Feb 2012) that following an intensive internal review and scrutiny of its purchase of UrAmin in 2007, the Supervisory Board of AREVA find that no wrongdoing took place. Whilst some lessons have been learnt.
The report says,
"Still, in a long-term perspective, the deposits acquired have a legitimate place in the Group's mining portfolio"
This brings to a conclusion a long running saga that has been the subject of pejorative reporting by a number of journalists who clearly had little or if no knowledge of the mining sector and the international safeguards that exist to ensure major deals of this nature are undertaken in what are environments of strong corporate governance and professional good practice.
