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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.
In November 2009, the deal was approved by the Ministry of Energy and Mineral Resources and by the antitrust authorities of the Republic of Kazakhstan. Thus, all regulatory approvals necessary for the transaction closing have been granted. The closing itself is expected to be completed before the end of 2009.