We recall that initially, Atomredmetzoloto
was established to develop uranium (Atom-), rare earth elements (-redmet-) and gold (-zoloto).
The Russian State Corporation for Nuclear Energy Rosatom s wholly owned subsidiary, JSC Atomredmetzoloto
is already the largest shareholder in Uranium One.
The company announced yesterday that it has received approval from the Kazakh Ministry of Energy and Mineral Resources to purchase a 50% joint venture interest from JSC Atomredmetzoloto
in the Karatau Uranium Mine.
Yesterday (16 Mar) Uranium One released a statement saying that its controlling shareholder, Atomredmetzoloto
(ARMZ), had informed the company of its updated position on the acquisition of Mantra Resources.
On Friday (26 Nov) after the Canadian market session, Uranium One announced that it had completed the initial closing of atransaction with Russia's Atomredmetzoloto
Uranium One (U1) has today (30 Aug) released a statement saying that the Kazakh Ministry of Industry and New Technologies (MINT) has approved the company's proposed transaction with Atomredmetzoloto
Reuters reported on Friday (20 Aug) that Canadian junior uranium exploration company Khan Resources has filed suit in the Ontario Superior Court against Russian Atomredmetzoloto
(ARMZ) and its affiliate Priargunsky Industry Mining and Chemical Union (PGHO) seeking CAD300mn in damages for alleged unlawful interferences in the Canadian explorer's Mongolian operations.
Although information agencies would not disclose the buyers, it is most likely that the issue has been picked by state holding company Atomredmetzoloto
on the state's behalf.
has a fair price for uranium at $62/lb of U3O8.
sees fair price at $62/lb of U3O8, with possible increase to $65-70/lb of U3O8 in short term.
intends to ramp up uranium output by 27.