A Uranium Upstream Joint Venture is Formed in Armenia
Pursuant to the Agreement on Formation of the Russian-Armenian Joint Venture for Exploration of Uranium and other Minerals dated July 15, 2008 the Joint Venture Armenian-Russia Ore Mining Company (JV AROMC) was registered in Armenia.
The Russian partner in the JV is OJSC Atomredmetzoloto. The Armenian partner is the Ministry of Energy and Natural Resources of Armenia.
This year the JV plans to develop the geological exploration program and when the same is ready start geological exploration in Armenia.
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