Armenia to use modern technologies to explore uranium deposits,
minister says

YEREVAN, May 5. /ARKA/. Exploration of uranium deposits in Armenia will
be in line with modern standards and methods, said RA Minister of
Nature Protection Aram Harutyunyan.

An Armenian-Russian joint venture (JV) recently signed a contract for
uranium deposit exploration in the country, with Armenia’s share in the
venture to be at least 50%, the Minister said.

On April 22, Minister Harutyunyan and General Director of
Atomredmedzoloto Vadim Zhivov signed JV-establishing agreement.

The Armenian-Russian Mining Company will be licensed in three months.
Armenian and Russian specialists plan to launch exploration of uranium
deposits THIS summer.

Harutyunyan said the JV is to explore uranium deposits in the Syunik
region. At the same time, the company will elaborate an exploration
project which, according to the RA Law, is to undergo an ecological
expert examination. `0′