S. Korea's power companies to buy stake in uranium mine in Niger

SEOUL, Dec. 10 (Yonhap) -- Korea Electric Power Corp. (KEPCO) said Thursday that
it and the Korea Hydro & Nuclear Power Co. will purchase a 10-percent stake in a
uranium mine in Niger for 300 billion won (US$258 million).
South Korea's state-run power companies will buy new shares of France's Areva NC
Expansion, which owns a 67-percent stake in the Imouraren mine, KEPCO said. The
deal will secure 700 metric tons of uranium per year for 24 years from 2013,
according to the company.
The Imouraren mine in the landlocked West African country has the second-largest
uranium deposit in the world after a uranium mine in Australia's Olympic Dam.
ylee@yna.co.kr
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