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ARMZ Uranium Holding Co. implements its Anti-Bribery and Corruption Policy (ABC Policy) at all management levels. Atomredmetzoloto, JSC and the Holding companies do not cover up any revealed corruption cases and actively cooperate with law enforcement agencies. The Holding companies employ internal audit services and their hotlines are available around the clock to receive corruption reports.
The detention of Alexander Glotov, Director General of Priargunskoye Mining and Chemical Union, PJSC (PIMCU, PJSC), on suspicion of receiving a bribe is undoubtedly the most serious and grave instance in the entire history of Russia’s largest uranium mining company. PIMCU, PJSC is providing assistance to law enforcement agencies in the investigation and we have a vital stake in the determining of its outcomes. Alexander Glotov will be suspended from his duty during the investigation.
Since May 29, 2019, the duties of the Director General of PIMCU, PJSC have been carried out by Ivan Kiselev, PIMCU Deputy Director General, Chief Engineer. The company is operating in a normal mode and the construction works at Mine No. 6, which are of strategic importance, are performed in accordance with the schedule.