All Change at URENCO

There has been a lot of press speculation about the future of URENCO over the last six months.

Some of this speculation concerns the sale of the company, while much of it is far more worrying.

Here is a quick summary of it all.

Company Reports.

Urenco has just published its financial report for 2014.

This report has just appeared on their website.

See: –

http://www.urenco.com/news/detail/full-year-2014-audited-financial-results

&

http://media.urenco.com/corp-website/537/full_year_2014_audited_financial_results.pdf

The company is looking for a new chairman.

Selling the Company.

There has also been a lot of press speculation during the last half year about the possible sale of URENCO

See for example: –

RWE CEO says no Urenco sale before H2, possibly later

&

Urenco owners test market for possible sale

Last December we read:-

THE GOVERNMENT has distanced itself from reports that it is testing market interest in uranium enrichment company Urenco, which it part owns alongside Germany and the Netherlands.

Yet in May this was the headline: –

UK Chancellor Osborne Creates New Mechanism To Sell State Businesses

 

At the Plant.

While over at the Capenhurst plant it was announced that:-

‘Atkins has announced that it will deliver a capital investment programme for nuclear fuel cycle company URENCO UK.’

It was also headlined in the Liverpool Echo that:-

Urenco’s Tails Management Facility in Capenhurst near Chester will not become operational until 2017

This will mean that all the drums of depleted Uranium in the form of Uranium Hexafluoride will be left around the plants for a much longer time. This is despite the assurances of URENCO that the new plant to safely deal with this waste would be up and running this year.

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