About Company

$36.75
US$/lb
24 August 2015

ARMZ Today

ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) the mining arm of ROSATOM State Atomic Energy Corporation, one of the leaders of the global uranium market. The Holding controls Russian uranium mining assets presented in the Trans-Baikal Territory, Republic of Buryatia, Kurgan region and Republic of Yakutia. The company concentrates multi-year field development experience, and unique competences enable to perform the whole range of works – from geological exploration, development and design works to reclamation and decommissioning of production facilities.
 
Under the diversification program, ARMZ implements a number of non-uranium projects: construction of a lead and zinc concentrate production facility on Novaya Zemlya archipelago, mining and processing of rare and rare-earth metals in the Kurgan region, Krasnokamensk industrial park which includes pyrite cinder processing, cement, coal-diesel fuel production facilities etc. unique for the Trans-Baikal territory.
 
ARMZ Uranium Holding is a successor of the world largest uranium mining facility created by the Soviet Union. In 2008, as a result of nuclear industry restructuring completion under ARMZ control, all uranium-mining plants of Russia and a number of joint ventures on the territory of CIS and far abroad countries were consolidated. In 2010, JSC Atomredmetzoloto become owner of 51.4% shares of the Canadian public uranium mining company Uranium One Inc. In 2011, ARMZ Uranium Holding acquired 100 % of shares of the Australian public company Mantra Resources Pty Limited developing Mkuju River project in the United Republic of Tanzania. In 2012, the Company became owner of 99.5% shares of JSC First Mining Company». In 2013, the Holding, given the situation on the global natural uranium market, effected the transaction for consolidation of 100% of shares in Uranium One Inc. In accordance with a resolution of Rosatom State Corporation control over foreign assets was transferred to Uranium One Holding N.V. Since December 2013, JSC Atomredmetzoloto has been focusing Russian uranium mining assets under its control.
 
82.52% shares of JSC Atomredmetzoloto belong to JSC Atomenergoprom.
 
JSC Atomredmetzoloto is a member of the World Nuclear Association
 

In 2014, in accordance with effective amendments stipulated by Federal Law dated 05.05.2014 No. 99-FZ “On the amendment of chapter 4 of part one of the Civil Code of the Russian Federation and on invalidation of individual provisions of legislative acts of the Russian Federation, OJSC Atomredmetzoloto was renamed in JSC (joint-stock company) Atomredmetzoloto.

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