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

ARMZ Uranium Holding Co. (JSC Atomredmetzoloto)

ARMZ Uranium Holding Co. (ARMZ), AKA Atomredmetzoloto, is one of the leaders in the world uranium mining industry and is among top five uranium mining companies in terms of uranium output ranking second by resource base (546,000 tons as of January 1, 2009). ARMZ is the primary supplier of uranium feedstock to the Russian nuclear industry, having produced 4,624 tons of uranium in Russia and Kazakhstan in 2009.
The State Nuclear Power Corporation Rosatom controls 80.345% of Atomredmetzoloto's shares.
ARMZ together with its affiliates and subsidiaries employs over 14,000 people.

 

27.02.10   JSC Atomredmetzoloto General Director Vadim Zhivov gives interview to Interfax Information Agency
  The General Director of JSC Atomredmetzoloto Mr. Vadim Zhivov gave an interview to Interfax. Talking to Interfax's correspondent Julia Gileva Mr. Zhivov focused on ARMZ Uranium Holding's strategy in Mongolia.  
19.02.10   ARMZ Uranium Holding Co.'s experts publish an article in the Mining Journal
On February 19, 2010 Mining Journal, a reputable British mining industry journal, published an article by JSC Atomredmetzoloto's Deputy General Director Alexander Boytsov, Head of the Analytical Department Vladimir Basov and Chief Specialist of the Analytical Department Natalia Putivtseva.
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C$0.65 per common share of Khan (each, a “Khan Share”) to 5:00 p.m. (Toronto time) on March 1, 2010, unless extended or withdrawn.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.
 
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