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At Krasnoyarsk Economic Forum, ARMZ Uranium Holding Co. presents project to construct Mine No.6
On February 26-28, 2015, the Krasnoyarsk Economic Forum devoted to discussion of key lines of the economic policy pursued by the Russian Federation was held. A special attention was paid to issues such as import substitution and strengthening cooperation with the countries of the Asia-Pacific Region.
The Forum involved the participation of representatives from federal and regional authorities, businesses, Russian and international experts. Vladimir Vysotskiy, Deputy Director General for Special Projects, and Valery Makarov, Advisor to Director General, represented ARMZ Uranium Holding Co. at the event.
At various venues of the Forum, progress in implementation of prospective projects in the territory of the Far East and the Baikal Region was discussed. The government of the Trans-Baikal Territory presented the Krasnokamensk Industrial Park project. The Energy Group selected as the park operator in 2014 is looking for investors eager to locate their production here. Vacant land plots destined for constructing industrial facilities or farming (“greenfield”) and finished premises of warehousing and industrial designation (“brownfield”) are offered to the park potential residents. Krasnokamensk has the advantage of well-developed infrastructure and affordable heat and electric energy. An anchor enterprise in the Territory is the uranium industry’s giant, JSC Priargunsky Industrial Mining and Chemical Union (JSC PIMCU, operated by ARMZ Uranium Holding Co.). “Zabaikalsk and Krasnokamensk are ideal for implementation of investment projects aimed at developing the transport and logistics sector, as well as ore mining and processing production,” Konstantin Ilkovskiy, Governor of the Trans-Baikal Territory, noted.
At an ad hoc meeting that included the participation of regional authorities of the Trans-Baikal Territory, the Republic of Buryatia and the Irkutsk Region, JSC Atomredmetzoloto presented its project to construct Mine No.6 of JSC PIMCU.
“Implementation of the project to construct Mine No.6 is strategically important for further development of JSC PIMCU. It accumulates more than 37% of the enterprise’s economic uranium reserves. If the project is launched by 2022, major volumes of uranium production at JSC PIMCU will be ensured by Mine No.6,” Vladimir Vysotskiy noted.
The project is completely ready to implementation; co-investors are currently searched for.
The fact that the project has been included in the Federal Target Program for Economic Development of the Far East and the Trans-Baikal Territory should contribute to its successful implementation. The meeting participants agreed to unite their efforts towards this goal.