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ARMZ Uranium Holding Co. is State Corporation Rosatom’s appointed and authorized uranium feedstock supplier to Russia’s nuclear industry


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ARMZ Uranium Holding Co. (JSC «Atomredmetzoloto»)

ARMZ Uranium Holding Co. (ARMZ), AKA Atomredmetzoloto, is currently ranked as the world’s second largest uranium mining company by resource base and is the fifth biggest global producer in terms of uranium output. ARMZ supplies strategic feedstock to the Russian nuclear industry, having produced 3687 tons of uranium in Russia and Kazakhstan in 2008. As of January 1, 2008, ARMZ’s uranium reserves and resources amounted to 538 013 tons of uranium, which has secured us the second place among global primary uranium producers.
ARMZ is part of Rosatom – the Russian State Corporation controlling the nation’s nuclear activities. ARMZ – together with its affiliates and subsidiaries – employs over 14 thousand people.

Founded in 1992, ARMZ is the successor of the world’s largest uranium production complex built by the Soviet Union. All uranium mines in Russia, as well as a number of uranium joint ventures in the former USSR and abroad, were brought together under ARMZ in 2008, after the restructuring of Russia’s nuclear industry had been completed.

01.02.10	JSC Atomredmetzoloto extends all-cash offer for Khan Resources TORONTO, February 1, 2010 - JSC Atomredmetzoloto (“ARMZ”) today announced that it has extended its offer (the “Offer”) to acquire all of the issued and outstanding common shares of Khan Resources Inc. (“Khan”) (TSX: KRI) for all-cash consideration of C$0.65 per common share of Khan (each, a “Khan Share”) to 5:00 p.m. (Toronto time) on March 1, 2010, unless extended or withdrawn. Previously the Offer was set to expire at 5:00 p.m. (Toronto time) on February 1, 2010. ARMZ has received notice that the Investment Review Division of Industry Canada did not complete its consideration of ARMZ’s application in connection with its proposed acquisition of Khan within the initial 45 day period stipulated under the Investment Canada Act (“ICA”), which expired on January 18, 2010. The notice indicated that Industry Canada expects to complete its review by February 17, 2010, or within such further period as may be mutually agreed between ARMZ and Industry Canada. At the current time, ARMZ has not received notification of approval under the ICA.
23.12.09	Russian Government Subsidizes Rosatom State Corporation to Purchase ARMZ Stock Prime Minister Vladimir Putin of the Russian Federation signed an order (#1998-R) dated December 19, 2009 authorizing a budgetary subsidy in the amount of RUR14.2 billion to Rosatom State Corporation for the purpose of purchasing ARMZ Uranium Holding Co.’s stock.
10.12.09	Australian Foreign Investment Review Board OK’s ARMZ – Uranium One Deal The Foreign Investment Review Board today approved the transaction whereby ARMZ Uranium Holding Co. exchanged its 50% interest in the Karatau Uranium Mine in Kazakhstan for an interest in the Canadian uranium miner Uranium One Inc.
01.12.09	Rosatom State Corporation Increases Stake in ARMZ Uranium Holding Co. to 76.097% December 1, 2009, Moscow: ARMZ Uranium Holding Co. received on November 27, 2009 a tranche of payment of RUR33.1 billion from Rosatom State Corporation which has subsequently increased the State Corporation’s interest in ARMZ Uranium Holding Co. to 76.097% from the previous 51.83%.
01.12.09	Lunnoe Development Plans Get Support from Sakha Republic (Yakutia) Population December 1, 2009, Moscow: On November 20, 2009, public hearings relating to the Declaration of Intent for the development of the Lunnoe deposit took place in the township of Aldan in Sakha Republic (Yakutia). The development plans received full support of the local population and authorities responsible for industrial and environmental safety.
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