19.11.2014 areva's offer for mongolia, remy autebert
TRANSCRIPT
AREVA’s offer for Mongolia
Remy AUTEBERTPresidentAREVA Asia
November 2014
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.2
Contents
AREVA at a glance
AREVA Mines
AREVA – Responsible company
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.3
Contents
AREVA at a glance
AREVA Mines
AREVA – Responsible company
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.4
AREVA is a global leaderin low carbon solutions for power generation
AREVA’s share ownership is particularly stable.
The French governement holds 86.52% of AREVA’s share capital directly or indirectly at Dec. 31, 2013
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.5
Reference year: 2013
334 reactors for O&M and BE
Services
Europe, CIS and Africa188 reactors in operation
132 reactors served by AREVA
O&M and BE Services
M&FE
132
115 Asia124 reactors in operation
99 reactors served by AREVA
O&M and BE Services
M&FE
93
99
North & South America125 reactors in operation
115 reactors served by AREVA
O&M and BE Services
M&FE
109
106
AREVA provided services to 346 reactors worldwide i n 2013: 334 for O&M, 320 for M&FE
Over 90% of all nuclear utilitiesare AREVA customers
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.6
Contents
AREVA at a glance
AREVA Mines
AREVA – Responsible company
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.7
Mining Business Group
Mining
• Mining: Uranium mines exploration and operation activities
Reactors & Services
• Design and construction of nuclear reactors
• Maintenance and modernization of the nuclear power plants
Back-End
• Recycling of the used fuel and provider of clean-up and dismantling services
Renewable Energies
• Development of wind energy, bioenergy, solar power and hydrogen power solutions via partnership
Front-End
• Conversion and enrichment of the uranium
• Design of the fuel for the nuclear reactors
€1,756M revenue in 201319% of AREVA’s revenue
€9.6bn in backlog(11 years of production)
5,280* employeesAccross the globe, on the 5 continents
* Global workforce managed by AREVA (regardless of AREVA’s stake in mining joint ventures)
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.8
MINE DEVELOPMENT
MINING OPERATIONS
ORE PROCESSING
� Discovering new ore bodies for future mining (geophysics, airborne surveys, drilling campaigns)
� Design and construction of mining infrastructure through a staged process (concept, pre-feasibility, feasibility study)
� Ore extraction using various methods and techniques (open pit, underground, in situ recovery)
� Concentration of uranium contained in ore using chemical processes (acid / alkaline leach, heap / dynamic leach)
MINERALEXPLORATION
� Restoration of mine sites in accordance with applicable environmental standards.
SITE RECLAMATION
AREVA is active throughout the whole uranium mining cycle
TRADING
� Purchase and sales of uranium products
� Services related to uranium (swaps, loans)
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Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.9
Market demand for uranium
New mines will be needed to meet demand in 2020
100
80
60
40
20
0202520202015
Supply / Demand balance(‘000 tU/yr)
Demand to be coveredby new mining projects
Mines under construction
Production fromexisting mines
Secondary* sourcesof supply
Demand
*Secondary resources: Uranium from dismantled Russian and US weapons put on the civilian market (HEU) , materials recovered from used fuel, and sale of uranium stocks by the DOE.Source : WNA
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.10
AREVA adapts its portfolioto market conditions
Depends on market conditionsProject portfolios remains “active” (investment limited to studies) so they are ready for sustainable market recovery
Sites in operation Continue explorationLaunch new projects
NigerSOMAÏRCOMINAK
CanadaCigar Lake / McClean LakeMine: CamecoMill: AREVA
McArthurOperator: Cameco
KazakhstanKATCO
NigerImouraren
CanadaNamibia
Mongolia
Gabon
Australia
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.11
AREVA adapts its portfolioto market conditions
�
Exploration, production sites and projects
KazakhstanKatco
NigerSomaïrCominak
Imouraren (project)
CanadaMcArthurCigar Lake
McClean (JEB mill)
Namibia
Exploration only
Australia
Mongolia
Gabon
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.12
AREVA and Mongolia, 18 years of partnership
Creation of COGEGOBI with activities focused on Uranium exploration
First significant results around Dulaan Uul and confirmation of its potential
First discovery of Zoovch Ovo depositSignature of a cooperation agreement with Mitsubsihi Corporation
Classification of the Dulaan Uul deposit resources by the Mongolia Authority of Minerals Resources (6,259 tU)
� ISR test performed for checking the technical feasibility to recover Uranium on the Umnut deposit
Classification of the Zoovch Ovoo deposit resources by the Mongolia Authority of Minerals Resources (57,700 tU) Signature of a Shareholders Agreement between AREVA MONGOL and MonAtom for the mining development of the deposits Mitsubishi became 34% shareholder of AREVA MONGOL
1996
2009
2011
2013
2003
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.13
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.14
AREVA in Mongolia and the future
The AREVA exploration company is present in Mongolia for 18 yearspreparing to develop its project for more than 30 years
� Local drilling companies: Ordgeo, Gobigeo, Uran Drilling, …
AREVA gives priority to local contractors
Investment already made of more than 150 MUSD
Actual staff of 122 people will be considerably increased in the coming years during the development and operating phases.
90% of the staff are Mongolian citizens , this level will be maintained during the further AREVA presence in Mongolia
Social responsibility expressed by financing of social projects and employment creation in surrounding provinces
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.15
Contents
AREVA at a glance
AREVA Mines
AREVA – Responsible company
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.16
Our priority: health & safety
At the end of 2013, the highest dose recorded at AREVA Mines over a period of 12 months was less than 16 mSv, the rate required by AREVA’s mining activity standards.[International standards: annual maximum cumulative dose less than 100 mSv over 5 years, not exceeding 50 mSv in any given year]
Radiation protection
Sanitary monitoring of former employees and local populations:
- Gabon 2010- Niger 2011- 900 medical consultations between 2010 & 2013
Health Watch
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.17
Respecting people and land
Mines as catalysts to improve the local, social and economic fabricSome examples …
Kazakhstan
KATCO supports various and major projects in the District of Suzak like the construction of a secondary school in Sholakorgan city and a kindergarten in Tasty Village
Niger
AREVA supports local economic development in Arlit via a micro-credit project (AREVA financed the opening of an Arlit Crédit Mutuel agency in Arlit).
Gabon
AREVA is financing initiatives in the Mounana rehabilitated site area.
Namibia
AREVA helped improve the Spitzkoppe water access and management system.
Canada
AREVA funded the renovation of the Ice Arena and the Youth Center, to allow the local community to socialize in a safe environment (Baker Lake Hamlet).
Health, education, economic & social development in itiatives
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.18
International expertisein site reclamation
Dismantling of facilities
236 sites in France, sites also in Canada, the USA and Gabon
Before After
Management of project to convert land
Radiological and environmental monitoring
Reclamation and replanting of former sites
Bellezane (France)
Cluff Lake (Canada)
Mounana (Gabon)
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.19
A strong commitment in Mongoliawith successful projects
Community Liaison Committees started in 2013 in Shanshand and Ulaanbadrakh sums –Dornogobi Province
Regular visit to 54 families living on AREVA exploration licenses in Dornogobi Province
More than 220,00 USD invested in 2014 for local development projects in Dornogobi and Sukhbaatar provinces
Trip to Kazakhstan in September for herders of Ulaanbadrakh sum
Livestock reconstitution project implemented since 2007 : today over 450 families in total and 55 out of them are herding families with over 12.1 thousand heads of livestock
Participatory environmental monitoring with local herders launched in 2014 with monthly sampling campaign
Purchase of local livestock slaughtered in UB for long term supply the COGEGOBI camp
Launch in November of a 2 years veterinary project in Ulaanbadrakh sum with permanent presence of a team of 3 veterinarians (1 French, 2 Mongolians)
Trip of herders in KATCO, AREVA-Kazatomprommine in Kazakhstan
Mongolia Projects & Inv estment Summit - AREVA presen tation – November 2014 p.20Bogd Khan National Park-25 Septembre