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EconomyMinister: Armenian-Russian Mining Company Will Not Possibly B

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  • EconomyMinister: Armenian-Russian Mining Company Will Not Possibly B

    ECONOMYMINISTER: ARMENIAN-RUSSIAN MINING COMPANY WILL NOT POSSIBLY BE RESTRICTED BY EXTRACTION OF URANIUM

    /ARKA/
    June 8, 2011
    YEREVAN

    Armenian-Russian mining company cjsc considers the opportunity of
    expansion of its activity by conducting geological exploration not
    only in uranium mines but other minerals, said Deputy Minister of
    Energy and Natural Resources of Armenia Areg Galstyan to RIA Novosti
    in the international forum "Atomexpo-2011".

    The company is established in September 2008 by the initiative of
    Armenia in the result of negotiations with Russian uranium holding
    "Atomredmetzoloto" which deals with the study of uranium mines
    in Armenia.

    "The company will possible apply for getting license not only
    for uranium mining but other minerals if it will be commercially
    interesting for them", he said.

    "Armenian-Russian mining company" is established in September 2008
    by the initiative of the Government of Armenia in the result of
    negotiations with Russian company "Atomredmetzoloto" for exploration
    of uranium mines in Armenia and discovering uranium supplies.

    Currently the company is conducting geophysical and geochemical field
    studies. The Russian side allocated 3 million dollars for exploration
    of uranium mines.




    From: A. Papazian
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