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Uranium exploration will start in Armenia in 2008

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  • Uranium exploration will start in Armenia in 2008

    AZG Armenian Daily #240, 27/12/2007


    Industry

    URANIUM EXPLORATION WILL START IN ARMENIA IN 2008

    Exploration of uranium deposits in Armenia will start
    in 2008, said yesterday on a press conference Armenian
    Environment Minister Aram Haroutiunian.

    According to the Minister, deposits are prospected by
    a recently created Armenian-Russian joint venture
    whose shares are divided equally. The license for
    prospecting activities will be given to the company
    for 5 years.

    To be reminded, the Armenian Government recently made
    decision on joining the agreement on creation of an
    international center for uranium enrichment in
    Angarsk. The founders of the center are Russia and
    Kazakhstan.

    Earlier, during his visit to Yerevan, head of RosAtom
    Sergey Kiriyenko said that the latest research
    discovered that Armenia may posses 1.5-2 times more
    uranium resources than it wad been estimated in the
    Soviet period. The deposit is located in Syunik region
    of Armenia and contains about 30 thousand tons of
    uranium bearing ore. Russia is ready to expand the
    prospecting works.

    For the first time the opportunity of establishing of
    the Armenian-Russian uranium processing company was
    discussed during the meeting of the Armenian and
    Russian Presidents Robert Kocharian and Vladimir Putin
    in Sochi, early 2007.
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