About Company

$40.00
US$/lb
24 November 2014

ARMZ Today

ARMZ Uranium Holding Co. (JSC Atomredmetzoloto), the mining arm of ROSATOM State Atomic Energy Corporation, is one of the leaders on the global uranium market. The company fulfills a number of uranium and non-uranium projects being under different development phases varying from geological exploration to intense commercial operation. JSC Atomredmetzoloto possesses distinctive competencies in the area of uranium mining – the company has at its disposal many years’ experience in developing deposits under the most diverse geological and climatic conditions. In 2013, it produced 8,220.5 tons of uranium at facilities in Russia and abroad.

 

ARMZ Uranium Holding Co. is the successor to the world’s largest uranium production complex set up in the Soviet Union. In 2008, after completion of Russia’s nuclear industry restructuring, all domestic uranium mining assets, as well as a number of joint ventures in the CIS and abroad, were consolidated on the basis of ARMZ. In 2010, JSC Atomredmetzoloto acquired 51.4% of shares of Uranium One Inc., a Canadian publicly traded uranium producer. In 2011, ARMZ Uranium Holding Co. acquired a 100% stake in Australian public company Mantra Resources Pty Limited, which develops the Mkuju River project in the United Republic of Tanzania.
 
In 2012, ARMZ Uranium Holding Co. purchased 99.5% of JSC First Ore-Mining Company’s shares. In 2013, taking into consideration the situation on the world natural uranium market, ARMZ Uranium Holding Co. completed a transaction to acquire a 100% stake in Uranium One Inc. Under the terms of the agreement, all of Uranium One Inc. common shares, which JSC Atomredmetzoloto and its affiliates did not own at that moment, were purchased. In accordance with the decision made by ROSATOM State Atomic Energy Corporation, management of uranium assets located abroad was entrusted to Uranium One Holding N.V. Since December 2013, JSC Atomredmetzoloto has been in charge of the Russian uranium mining assets.
 
JSC Atomenergoprom owns 82.52% of JSC Atomredmetzoloto’s shares.
 

JSC Atomredmetzoloto is a member of the World Nuclear Association.

 

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