RUSSIAN-ARMENIAN URANIUM JV TO START EXPLORATIONS IN ARMENIA BY YEAR-END
Prime-Tass English-language Business Newswire
April 22, 2008 Tuesday 1:31 PM EET
MOSCOW, April 22 (Prime-Tass) – A Russian-Armenian joint venture
to explore and mine uranium in Armenia plans to start geological
explorations in the country by the end of this year, Armenia’s Ministry
of Environmental Protection and Russian state-owned uranium producer
Atomredmetzoloto said in a joint statement Tuesday.
The agreement to set up the joint venture was signed Tuesday
by Atomredmetzoloto’s CEO Vadim Zhivov and Armenian Minister of
Environmental Protection Aram Harutyunyan in the Armenian capital
of Yerevan.
The joint venture will be registered in three months, and will be
controlled on a parity basis.
Under preliminary estimates, projected uranium reserves in Armenia
exceed 10,000 tonnes.
Atomredmetzoloto is wholly owned by nuclear power holding
Atomenergoprom, which is part of state-owned nuclear monopoly Rosatom.