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

Uranium Investing

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.

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