Linklaters has advised French energy company Areva on its mining agreement with the Jordanian Atomic Energy Commission (JAEC) relating to uranium resources in Central Jordan.
The mining agreement, signed on 21 February 2010, coincided with a visit to Amman by French Prime Minister, François Fillon, and follows an initial agreement signed between Areva and JAEC in September 2008 for the joint exploration of the zone, on which Linklaters also advised.
The Central Jordan Uranium Mining Project is Areva's first in Jordan, where the government is in the process of implementing a civil nuclear programme aimed at transforming Jordan from an energy importer to a net electricity exporter in the region.
Under the terms of the mining agreement, Areva has been granted the right to mine the deposit for 25 years.
Simon Ratledge, partner at Linklaters who led the deal, commented:
"Linklaters' international energy team is working with clients at the forefront of the nuclear renaissance and is advising on a range of deals across the whole nuclear fuel cycle from mining, fuel fabrication and reprocessing, uranium trading and newbuild projects. We are delighted to have been involved in a deal of this significance."
For further information, please contact:
Sarah Peters on +44 20 7456 2153 / sarah.peters@linklaters.com or
Solène Guesdon +33 1 56 43 59 69 / solene.guesdon@linklaters.com
