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Armenia To Set Up Uranium Prospecting Joint Venture With Russia

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  • Armenia To Set Up Uranium Prospecting Joint Venture With Russia

    ARMENIA TO SET UP URANIUM PROSPECTING JOINT VENTURE WITH RUSSIA

    RIA Novosti
    March 6 2008
    Russia

    YEREVAN, March 6 (RIA Novosti) - The Armenian government authorized
    on Thursday the establishment of a joint venture with Russia for
    the additional prospecting of uranium deposits in the South Caucasus
    republic.

    Russia's state nuclear corporation Rosatom and the Armenian
    environmental ministry agreed in February to set up a joint venture on
    a parity basis for the additional prospecting of Armenian uranium,
    which will be enriched in a specialized international center in
    Angarsk, East Siberia.

    The centre is to operate under the supervision of the International
    Atomic Energy Agency (IAEA).

    "This decision was made pursuant to a memorandum signed between
    Rosatom and the Armenian environmental ministry on February 6, 2008
    on developing cooperation in uranium prospecting, production and
    processing," the Armenian government's press office said.

    Armenian uranium reserves are estimated at 30,000-60,000 metric tons.

    From: Emil Lazarian | Ararat NewsPress
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