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Sergei Kirienko, Head of the State Corporation Rosatom, Pays Official Visit to the Republic of Armenia
On September 9, 2008 the President of the Republic of Armenia, S. Sargsyan, met with the General Director of the Russian State Corporation Rosatom, S. Kirienko.At the meeting they discussed cooperation between Armenia and Russia in the nuclear energy sector. The parties expressed their satisfaction with the existing scope of cooperation and the progress of the projects intended to broaden such cooperation. They noted that Armenia and Russia have already accumulated substantial experience of joint operations in this area. They discussed the geological exploration of uranium deposits and addressed the opportunities of construction of a new power unit at the nuclear power station in Armenia.
Talking about the operations of the Armenian nuclear station, S. Kirienko noted that it is in excellent shape and that all conditions necessary for its reliable and safe operation are in place.
On the same day an opening ceremony of the office of CJSC AR-GRK, a Russian-Armenian joint venture for geological exploration and mining of uranium, took place. The office opening ceremony was attended by the General Director of the Russian State Corporation Rosatom, S. Kirienko, the Minister of Energy and Natural Resources of the Republic of Armenia, A. Movsisyan, the General Director of OJSC Atomredmetzoloto, V. Zhivov.
Creation of CJSC Armenian-Russian Mining Company and opening of its office in Yerevan demonstrates practical implementation of the agreements reached in January 2007 in Sochi between the Presidents of the Russian Federation and the Republic of Armenia to foster cooperation in the nuclear energy.
According to the current estimates of the mineral resources of Armenia, the aggregate reserves do not exceed 1,000 tons. The uranium reserves are expected to substantially grow as a result of the geological exploration to be undertaken by the joint venture. Uranium mining will allow Armenia to cover its own long-term needs in this feedstock.
Support of the newly established company by the Armenian Government will be one of the key factors to successful operation of the joint venture. V. Zhivov noted: «Such support will enable us to create a sustainable economic model of the joint venture which will contribute to its higher rate of return and economic viability».