ArmInfo
Today in Yerevan Armenia and Russia signed a contract on creation of the joint-stock company on uranium geological exploration at the territory of Armenia. The contract was signed by Armenian Nature Protection Minister Aram Harutyunyan and Director General of OJSC "Atomredmetzoloto" (subsidiary of Rosatom) Vadim Zhivov.
After signing the contract deputy director of Rosatom, Nikolay Spaskiy, said at the press-conference that the company will a closed joint-stock one with a capital 50% to 50% and the Russian party is not going to raise its share in the company. They are going to call the company - "Armenian-Russian mining and ore company". In summer-autumn 2008 they are going to start boring for geological exploration of uranium deposits in Armenia. He also added that the Russian party will invest several millions of US dollars in the geological exploration.
For his part, Harutyunyan said that they are going to register the company and give it the relevant certificate over three months. The Russian company schedules to invest $ 3 mln in 2008 for the engineering and geological exploration which will start in Syunik region of Armenia, at Pkhrut, Megradzor and Verin Hank districts.They declined to answer journalists' question about the uranium store in Armenia.
As it was informed earlier, according to Rosatom prediction, uranium store in Armenia amount to about 30thsd tons.
April 22, 2008