Govind Friedland of GoviEx betting on closure of Orano’s Cominak in Niger
The Executive Chairman of GoviEx, son of Robert Friedland (Ivanhoe Mines), has published an update of the pre-feasibility study for developing the Madaouela project near the mines of Orano (ex-Areva), Somair and Cominak, in Niger. Jeune Afrique Business + consulted the document of several hundred pages.
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▪ Govind Friedland of GoviEx betting on closure of Orano’s Cominak in Niger
▪ The Executive Chairman of GoviEx, son of Robert Friedland (Ivanhoe Mines), has published an update of the pre-feasibility study for developing the Madaouela project near the mines of Orano (ex-Areva), Somair and Cominak, in Niger. Jeune Afrique Business + consulted the document of several hundred pages.
▪ https://www.africabusinessplus.com/en/807509/niger-govind-friedland-of-goviex-is-betting-on-the-closure-of-oranos-cominak/
There is still a long way to go for Govind Frieldland‘s GoviEx: the study relies on a uranium price of between $50 and $55 per pound so that the company can consider raising debt—between $150 and $180 million—and not only equity to finance the project. However, the price of yellowcake is currently around $28/lb.
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