ARMZ Uranium Holding Co. (JSC Atomredmetzoloto) is one of the leaders in the global uranium mining industry. It is among the top three uranium mining companies by uranium output and ranks second by uranium resource base. ARMZ Uranium Holding Co. is a mining arm of The State Atomic Energy Corporation ROSATOM. In 2012, it produced 7,572.2 tons of uranium at facilities in Russia and abroad.
JSC Atomenergoprom owns 80.475% of JSC Atomredmetzoloto’s shares.
ARMZ, together with its affiliates and subsidiaries, employs over 10,000 people.
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 100% stake in Australian public company Mantra Resources Pty Limited, which develops the Mkuju River project in the United Republic of Tanzania.