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Russia, Armenia Sign Protocol On Uranium Mining In Armenia

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  • Russia, Armenia Sign Protocol On Uranium Mining In Armenia

    RUSSIA, ARMENIA SIGN PROTOCOL ON URANIUM MINING IN ARMENIA

    Prime-Tass English-language Business Newswire
    April 23, 2007 Monday 5:24 PM EET

    YEREVAN, April 23 (Prime-Tass) - Russia and Armenia have signed
    a protocol of intent to jointly explore uranium deposits and mine
    uranium in Armenia, ITAR-TASS reported Monday.

    The document was signed Monday by Sergei Kiriyenko, head of Russia's
    Federal Atomic Energy Agency, and Vardan Aivazyan, Armenia's minister
    of environmental protection.

    At the same time Armenian state company Geoeconomic and the Russian
    Research Institute for Chemical Technologies signed a contract to
    appraise Armenia's uranium reserves, ITAR-TASS said.

    "We must finish the appraisal of Armenia's uranium reserves and
    establish a joint venture before the end of 2007," Kiriyenko said.

    Russia may invest up to several hundred million dollars exploring
    and developing uranium deposits in Armenia, Kiriyenko said.

    Also, Armenia has expressed interest in joining the international
    uranium enrichment center in Russia's Angarsk, Kiriyenko said.

    The international uranium enrichment center in Angarsk started
    operating this year. The first joint venture in the center has been
    established between Kazakh state-owned nuclear company Kazatomprom
    and Russian state-owned nuclear fuel exporter Tekhsnabexport.

    From: Emil Lazarian | Ararat NewsPress
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