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Prime Minister Vladimir Putin of the Russian Federation Signs Order, Provides Subsidy to Rosatom for Purchase of ARMZ Uranium Holding Co.’s Stock
Chair of the Government of the Russian Federation Vladimir Putin on July 11, 2009 signed an order
ARMZ Uranium Holding Co. will use the proceeds of this transaction to implement its investment program with a view to further develop production of natural uranium in the Russian Federation and abroad.
About ARMZ Uranium Holding Co.
ARMZ is the world’s fifth largest uranium producer with operating mines in Russia and Kazakhstan. During 2008, operations in which ARMZ is involved produced 3.687 tonnes of uranium (9.6 million pounds of U3O8). ARMZ Uranium Holding Co. ranks world’s second in uranium reserves and resources: as of January 1, 2009, ARMZ resources totalled 538 thou tU. ARMZ Uranium Holding Co. is owned by Rosatom, the Russian State Corporation for Nuclear Energy, and is appointed and authorized by Rosatom to supply fuel for the Russian nuclear industry.