Urenco Board approval of Tails Management Facility

The Urenco Board reaffirmed its commitment to the building of a Tails Management Facility at the Group’s UK site based at Capenhurst near Chester.

Urenco readily acknowledges its responsibility for the safe stewardship of uranium. In this respect, a comprehensive review of the project resulted in approval being given to move from the design phase to full execution, with the commencement of construction in early 2012. It is anticipated that the facility will become fully operational towards the end of 2015.

On completion, the Tails Management Facility will process Urenco’s European inventory of depleted uranium by-product reflecting the Group’s commitment to reducing its impact on the environment.

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