Public Consultations for Discussion of the Draft Annual Report 2017 have taken place in Atomredmetzoloto, JSC

On April 25, 2018, Atomredmetzoloto, JSC (Ore Mining Division of ROSATOM State Atomic Energy Corporation), presented within the framework of the public consultations the draft public annual report 2017 (hereinafter referred to as the “Report”) – the tenth integrated report of ARMZ Uranium Holding Co.

The representatives of a wide range of the concerned parties (federal and municipal authorities, subsidiaries and companies of the nuclear industry, educational and scientific institutions) had a possibility to get familiarized with the Draft Report beforehand. In 2017 ARMZ celebrated the 10^th anniversary as one of the recognized leaders of the world uranium industry whose authority as a reliable and efficient supplier of the strategic raw materials for the nuclear industry of Russia is of irreproachable nature. That’s exactly why the subject “Results of 10 Years: New Prospects of Sustainable Development” became the priority subject of the Report.

Marina Liborakina, Head of the Working Team for the Report Preparation, told in her introductory speech about main changes which were introduced in the uranium mining industry during 10 years. The speaker noted that a system of management of the Russian uranium mining on the principles of consolidation and succession of priority of guaranteed meeting of the industry’s demand for raw materials was built up. “For this period the Company went a difficult path of formation and development being modernized for many times and overcoming the challenges of the days. At the present time we can see a fast-growth company with the established chain of command, perfect team of professionals who fulfil the tasks set by the State Corporation in any, even in the most complicated conditions,” Marina Liborakina emphasized.

The presentation of Viktor Svyatetsky, First Deputy Director General – Executive Director, contained a summary of 10 milestones in the Holding’s activities for 10 years. The speaker has noted that the Holding provides the branch with the Russian natural uranium on a stable basis. Upon that, great attention is paid to development of modern technologies. The Holding has managed to raise a part of the ecologically clean and economically effective method of in-situ leaching (ISL) in the total volume of the Russian mining up to 44%. 

The Holding considers arrangement of launching of new products for the Russian and international markets as no less important task. The main directions of diversification of ARMZ’s business for the purpose of sustainable development were presented in the speech of Oleg Barabanov, First Deputy Director General.

Then the representatives of the structural units of the Holding delivered their short presentations as a single block. They briefly summarized the results of the ten years’ management of the capitals – financial, human, social, intellectual and natural.

The speech of Ivan Krupyanko, Head of the PR Department, was the final. He presented to the concerned parties the Draft Report and thanked all experts who gave their comments for refining the Report and noted that close cooperation with the stakeholders within the framework of preparation of the reports allowed the Company to prepare the Report on a higher level.

The representatives of the concerned parties gave their proposals and recommendations for improvement of the Draft Report. The Company management thanked the participants of the event for attentive reading of the draft and promised to implement all comments when refining the Report.