About Company

$34.00
US$/lb
15 September 2014

Key Events

Key Events of 2008 - 2013

January 2008
Akbastau JV – geological exploration work starts at section 1 of the Budennovskoye deposit.

Productive solutions with industrial uranium content are received at the Khokhlovskloye deposit (JSC Dalur).

February 2008
JSC Lunnoye – license drawn up for the Lunnoye deposit.

March 2008
An agreement is signed with the administration in Trans-Baikal Territory to create conditions for state-private partnership in Trans-Baikal Territory during the implementation of investment projects.

An agreement is signed by State Nuclear Energy Corporation Rosatom and the Nuclear Energy Agency of Mongolia on cooperation in nuclear energy and in uranium production. ARMZ is the main party to this agreement on the Russian side.

JSC Dalur — Zapadnaya sorption unit launched.

April 2008
A permanent conditions feasibility study for the Khiagda deposit (JSC Khiagda) is approved by the State Reserves Committee.

JSC Atomredmetzoloto draws up licenses for the Elkon, Elkon Plateau, Kurung, Neprokhodimoye, Druzhnoye, Severnoye, Zona Interesnaya, Gornoe, Berezovoye and Orlovskoye deposits.

Three companies receive licenses to working with nuclear materials (JSC Elkon MMP, JSC OMMC, and JSC Gornoe Uranuim Mining Company (GUMC)).

May 2008
Russian-Canadian uranium exploration joint venture LLC Karhu-Geologia is registered.

June 2008
JSC Atomredmetzoloto draws up licenses for subsoil operations at the Istochnoye, Kolichikanskoye, Koretkondinskoye, Namarusskoye and Dybrynskoye deposits.

Atomredmetzoloto takes part in the first ATOMCON — 2008 international congress and exhibition.

July 2008
An agreement is signed with the Republic of Buryatia government to create conditions for state-private partnership.

The Armenian-Russian Mining Company, a uranium exploration and production joint venture (JV ARMC) is set up in Armenia.

A uranium exploration joint venture, SWA Uranium Mines, is set up in Namibia with the participation of JSC Atomredmetzoloto, VTB and Arlan Investment Holdings.

The foundation stone is laid for JSC Lunnoye in Southern Yakutia.

An agreement is signed between the government of Sakha Republic (Yakutia) and Elkon MMC on cooperation for the socio-economic development of Sakha Republic.

JSC Atomredmetzoloto completes its consolidation of shares in Russian uranium mining companies: 78.61% of shares in JSC PIMCU (Krasnokamensk, Trans-Baikal Territory), 99.999% of shares in JSC Khiagda (Bagdarin, Bauntovsky district, Buryatia Republic) and 97.85% of shares in JSC Dalur (Uksyanskoye, Kurgan region) are included in the charter capital of JSC Atomredmetzoloto as payment for an additional share issue.

August 2008
A report with calculation of reserves for the Khiagda deposit is registered in the SRC (detailed exploration). Geological exploration starts at the Khokhlovskoye deposit.

Construction is completed on the second phase of the PIMCU enrichment facility.

Celebrations are held on August 29, 2008 to mark the 40th anniversary of the formation of the
Priargunsky Industrial Mining and Chemical Union (PIMCU).

September 2008
JSC Atomredmetzoloto takes part in the 33rd Annual Symposium of the World Nuclear Association (WNA).

JSC Atomredmetzoloto signs a memorandum of mutual understanding with a Korean consortium for strategic cooperation in the development of uranium deposits.

October 2008
On October 3, JSC Atomredmetzoloto is named the mining company of the year by participants in the MINEX forum.

Construction is begun on a bridge over the River Vitim as part of the construction of the uranium mining company JSC Khiagda.

November 2008
As part of the international forum World Experience and the Russian Economy, JSC Atomredmetzoloto is awarded the honorary diploma – Company with a High Level of Organization of Financial Operations – 2008.

JSC Atomredmetzoloto and the Russian Natural Resources Ministry host the second international symposium Uranium — Resources, Production.

December 2008
Projects are developed for geological exploration work at 9 uranium deposits.

January 2009
JSC Atomredmetzoloto shareholders decide to increase the company’s charter capital by placing additional shares in favor of Rosatom. The Rosatom Supervisory Board approves a decision to participate in JSC Atomredmetzoloto.

March 2009
A deal is approved by the relevant state body of the Republic of Kazakhstan for JSC Atomredmetzoloto to acquire 100% of Effective Energy NV (The Netherlands), which owns uranium mining assets in Kazakhstan.

Russian Prime Minister Vladimir Putin, in directive No. 302-r dated 10.03.2009, approves the passport for the complex investment project “Development of project documents for the implementation of the investment project Comprehensive Development of Southern Yakutia”.

June 2009
ARMZ Uranium Holding Co. announces the acquisition of a significant stake in Canada’s Uranium One Inc.

Construction of a bridge over the River Vitim is completed, as part of a program for the development of transport infrastructure at JSC Khiagda.

JSC PIMCU completes construction of a sulfuric acid plant with a capacity of 180,000 tons per year.

July 2009
Russian Prime Minister Vladimir Putin signs directive No. 909-r dated July 11, 2009, on the provision of federal budget subsidies to Rosatom as a capital contribution by the Russian Federation in the amount of 50 billion rubles for the acquisition of shares in JSC Atomredmetzoloto.
As part of an additional share issue by JSC Atomredmetzoloto, the first tranche of funds is received from Rosatom in the amount of 16.898 billion rubles, paid out under a directive from the government of the Russian Federation on the provision of state subsidies. Rosatom became the owner of a controlling stake in JSC Atomredmetzoloto (51.83%).

August 2009
ARMZ Uranium Holding Co. starts to develop the Itmanovskaya titanium-zirconium sand placer deposit.

Russia and Mongolia sign an intergovernmental agreement to set up a uranium mining joint venture.

October 2009
At the fifth Russian mining forum MINEX 2009, which is held in Moscow from September 30 to October 2, ARMZ Uranium Holding Co. is declared Investor of the Year for its asset swap with the Canadian company Uranium One.

ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) publishes its consolidated IFRS report for 2008 and an independent audit report, prepared by BDO Unikon.

November 2009
The asset swap with Canada’s Uranium One is approved by the Kazakh Ministry for Energy and Mineral Resources.

December 2009
Public hearings are held in Aldan (Sakha Republic (Yakutia)) on a declaration of intent for the development of the Lunnoye deposit. The project receives the full approval of local residents and the industrial and ecological safety regulators.

The asset swap with the Canadian company Uranium One is approved by Australia’s Foreign Investment Review Board (FIRB).

ARMZ Uranium Holding Co. and Canada’s Uranium One Inc. finalize a deal to exchange a 50% stake in JV Karatau belonging to ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) for a stake in Uranium One Inc. As a result, JSC Atomredmetzoloto becomes the owner of 19.9% of Uranium One Inc.

Hearings are held in Trans-Baikal Territory on a project to develop the Berezovoye deposit.

March 2010
The Director General of Atomredmetzoloto attends the inauguration of the president of the Republic of Namibia.

A delegation from ARMZ Uranium Holding Co. takes part in the sixth annual Asia Mining congress.

June 2010
ARMZ Uranium Holding Co. announces a deal to consolidate a controlling stake in Uranium One Inc.

An Atomredmetzoloto delegation takes part in the forum Atomexpo 2010.

July 2010
ARMZ Uranium Holding Co. publishes its consolidated financial statement to international standards for 2009, and an independent audit report prepared by BDO Unikon.

ARMZ Uranium Holding Co. carries out a JORC-compliant reserve evaluation at the Elkon uranium ore district.

August 2010
Shareholders in Uranium One Inc. approve an asset swap with ARMZ Uranium Holding Co. for the consolidation on the balance sheet of ARMZ Uranium Holding Co. of a controlling stake in Uranium One.

September 2010
ARMZ Uranium Holding Co. begins a project for the computerization of mine design and planning of mining work.

October 2010
ARMZ Uranium Holding Co. takes part in the sixth mining forum MINEX 2010.

November 2010
The deal for the consolidation of a controlling stake in Uranium One Inc. receives all the required regulatory approvals.

December 2010
As part of the fourth Annual Platts Global Energy Outlook Forum entitled “Clean Energy: Fact or Fiction?” ARMZ Uranium Holding Co. receives a reward for outstanding achievements in business development (Platts Global Energy Awards). The award was given for projects implemented in 2010 to put together a highly effective portfolio of uranium deposits.

A deal is announced to acquire 100% of the Australian publically listed company Mantra Resources Limited.

A deal is finalized to consolidate a controlling stake in Uranium One Inc.

April 2011
Public hearings are held on the draft annual report for 2010, followed by a public certification of the report.

May 2011
The deal to acquire 100% of Mantra Resources Limited is approved by company shareholders.

June 2011
The deal to purchase 100% of Mantra Resources Limited is finalized.

JSC Dalur celebrates its 10th anniversary.

July 2011
ARMZ Uranium Holding Co. publishes its IFRS financial statement for 2010.

September 2011
The event Sport-Children-Stars is held in the village of Uksyanskoye in the Dalmatovo district of Kurgan region.

The first stage of the ecological forum ECOLINE-2011 begins.

October 2011
The second stage of the ecological forum ECOLINE-2011 takes place in Chita and Krasnokamensk.

JSC Khiagda completes construction of the first phase of a workers’ settlement.

November 2011
Reserves are adjusted at the Mkuju River project.

ARMZ Uranium Holding Co. receives an award for its contribution to the development of integrated reporting.

As part of the XIV annual report competition, organized by the RTS and MICEX, ARMZ Uranium Holding Co. wins an award for Best Corporate Website.

Rosatom General Director Sergei Kirienko visits JSC PIMCU.

December 2011
Uranium One Inc. announces a successful bond placement – the first bond placement in Russia by a foreign corporate issuer. The issue amounted to 14.3 billion rubles for 10 years, with a buyback offer in 5 years, and an annual yield of 9.75%.

Rosatom’s director for the introduction of production systems visits JSC PIMCU.

January 2012
Uranium One Inc. announces the acquisition of 13.9% of Mantra Resources Limited.

Uranium One Inc. publishes its production and financial figures for 2011. The company’s uranium production was up 45%.

February 2012
ARMZ Uranium Holding Co. announces an increase in the number of social projects being implemented in the regions where it operates.

The first auditions for participants in the NUCKIDS-2012 project take place in Krasnokamensk.

April 2012
A deal is finalized for the sale to Uranium One Inc. of 13.9% of shares in Mantra Resources Limited.

ARMZ Uranium Holding Co. holds a corporate session in Chita.

May 2012
ARMZ Uranium Holding Co. successfully completes the ARTnova and Artline projects in regions where it conducts business.

The ceremonial handing over to a local kindergarten of three playgrounds, paid for by ARMZ Uranium Holding Co., takes place in the village of Uksyanskoye in the Dalmatovo district of Kurgan region.

July 2012
ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) publishes its consolidated financial report to international standards for 2011, an independent audit report produced by KPMG, and also its production figures for 2011.

August 2012
Children of ARMZ Uranium Holding Co. employees take part in the Nuckids project for the second time.

September 2012
JSC Dalur is granted ISO 9001:2008 and ISO 14000:2004 certificates.

October 2012
Krasnokamensk hosts award ceremony of the Second Youth Educational Forum ECOLINE-2012, organized by ARMZ Uranium Holding Co. and JSC PIMCU.

Finland-based company Fortum performs an environmental assessment of JSC Khiagda.

November 2012
JSC Atomredmetzoloto receives an award from the Institute of Certified Financial Managers.

ARMZ Uranium Holding Co. acquires a 99.5% stake in JSC First Ore-Mining Company.

December 2012
JSC PIMCU commissions Mine No. 8.

State Corporation Rosatom and Administration of Zabaikalye Territory sign a Cooperation Agreement.

Financial and Economic Division of JSC Atomredmetzoloto receives an award from State Corporation Rosatom.

January 2013
ARMZ Uranium Holding —o. announces a transaction on acquisition of 100% of Uranium One Inc. shares.

A joint project of ARMZ Uranium Holding Co. and JSC PIMCU on “Development of Integrated Technology for Processing of Low-Grade Raw Uranium by Geotechnological Methods” wins a contest for the right to receive grant for the implementation of integrated projects aimed at establishing high-tech production, organized by the Ministry of Education and Science of the Russian Federation.

February 2013
JSC Dalur begins pre-production mining for bulk concentrations of rare earth metals.

Sergey Shurygin is appointed as the Director General of JSC PIMCU. Viktor Svyatetsky, who previously held this position, moves to the post of director of JSC VNIPIpromtechnologii.

March 2013
Uranium One Inc. shareholders approve the transaction on acquisition of 100% stake in the company by ARMZ Uranium Holding Co.

The transaction on consolidation of 100% stake in Uranium One Inc. receives approval from the Supreme Court of Ontario, Canada, as well as from regulatory authorities of Russia, USA, and Australia.

April 2013
The Ministry of Energy and Minerals of the United Republic of Tanzania issues a uranium mining license for the Mkuju River project.

May 2013
In the Village of Uksyanskoye (Dalmatovsky District, Kurgan Region), a ribbon-cutting ceremony takes place during which two playgrounds and an athletic field, which were built using funds provided by ARMZ Uranium Holding Co., are solemnly transferred to the local kindergarten.

Vladimir Verkhovtsev is assigned as the Director General of JSC Atomredmetzoloto.

July 2013
ARMZ Uranium Holding Co. publishes its operational and financial performance indicators for 2012.

August 2013
Finland-based company Fortum conducted a witness audit at JSC PIMCU.
The 45-year anniversary of JSC PIMCU establishment was celebrated.
An international certificate was obtained and development of an information security management system compliant with ISO/IEC 27001:2005 completed.
 
September 2013
Partnership agreement was signed between the National Research Nuclear University MEPhI, the Leading Scientific-Research and Design-Prospecting Institute of Industrial Technology (JSC VNIPIpromtechnologii) and the Leading Scientific-Research Institute of Chemical Technology (JSC VNIIKhT).
Competition among employees of ARMZ Uranium Holding Co. and enterprises operated by the Holding Company were carried out.
 
October 2013
A transaction to consolidate a 100% stake in Uranium One was closed.
Uranium reserves of the Vershinnoye Deposit within the Khiagdinskoye Ore Field were confirmed with the Buryat Territorial Commission for Mineral Reserves.
 
November 2013
JSC PIMCU was recognized the most environmentally responsible company in the Trans-Baikal Territory at the Russian Industrial and Environmental Forum RosPromEco.
Within the “Young Talent” Competition and the Third Youth Educational Forum ECOLINE-2013, results were summarized, scholarships were awarded and winners were announced.
In terms of development quality, the JSC Atomredmetzoloto 2012 Integrated Annual Report was named one of the TOP-10 reports prepared by 100 leading companies in Russia and the CIS, according to assessment of Expert RA Rating Agency. Also, the Report became a winner in the nomination Best Annual Report Idea and Design within the framework of the 10th Annual Report Competition among companies pertaining to the fuel and energy sector.
 
December 2013
Under the production diversification programme, JSC PIMCU launched a project on Optimization and Logistics of Open-Pit Coal Mine aimed at boosting volumes of brown coal mined at the Urtuiskiy open pit.
An Agreement on Cooperation and Joint Business was signed between JSC RUSBURMASH and JSC Kazgeology.
JSC PIMCU implemented a new integrated technology for processing low-grade uranium ores.
JSC Atomredmetzoloto successfully completed the YAT11 project to create a geological database for the Streltsovskoye Ore Field, whose commercial development is performed by JSC PIMCU.
Uranium reserves of the Koretkondinskoye Deposit within the Khiagdinskoye Ore Field were confirmed with the Buryat Territorial Commission for Mineral Reserves.

 

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