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    market news

    Rosatom’s subsidiary uses stakes in Kazakh mines in Uranium One deal

    Investing News Network
    Sep. 07, 2010 07:04AM PST
    Long Tail

    RIA Novosti reports Atomredmetzoloto (ARMZ), a subsidiary of Rosatom, has bought a controlling stake in Uranium One. “We have received the approval from the Kazakh government [for the transfer of Kazakh uranium mines’ stakes to Uranium One], that is why, using this opportunity, I would like to thank Kazakh Prime Minister Karim Masimov and the Kazakh government,” […]

    RIA Novosti reports Atomredmetzoloto (ARMZ), a subsidiary of Rosatom, has bought a controlling stake in Uranium One.

    “We have received the approval from the Kazakh government [for the transfer of Kazakh uranium mines’ stakes to Uranium One], that is why, using this opportunity, I would like to thank Kazakh Prime Minister Karim Masimov and the Kazakh government,” Sergei Kiriyenko said, adding that the Uranium One asset swap deal was “an important strategic event” for Russia.

    For complete news, click here.

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