to Set Up Uranium Prospecting
Joint Venture with Russia
Novosti) — The Armenian government authorized on Thursday
the establishment of a joint venture with Russia
for the additional prospecting of uranium deposits in the South
state nuclear corporation Rosatom and the Armenian environmental
ministry agreed in February to set up a joint venture on a
parity basis for the additional prospecting of Armenian uranium,
which will be enriched in a specialized international center
in Angarsk, East Siberia.
is to operate under the supervision of the International Atomic
Energy Agency (IAEA).
decision was made pursuant to a memorandum signed between Rosatom
and the Armenian environmental ministry on February 6, 2008
on developing cooperation in uranium prospecting, production
and processing," the Armenian government’s press office
uranium reserves are estimated at 30,000-60,000 metric tons.