Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/04 14:32   Decision on Kyrgyz delegation's attendance at SCO summit in Tashkent has yet to be made - Atambayev
 
05/04 14:31   Russian Defense Ministry denies Western media reports on bombing of hospital in Aleppo in late April
 
05/04 14:30   Jewish people's answer to Holocaust should be growth and prosperity of Jewry - rabbi Lazar
 
05/04 14:30   NEARLY 30 AIRCRAFT WITHDRAWN FROM SYRIA AFTER ORDER GIVEN TO PULL OUT RUSSIAN TROOPS - GEN. KONASHENKOV
 
05/04 14:29   Regime of quiet planned to be established in Aleppo on May 3, al-Nusra terrorists thwart this plan - Russian Defense Ministry
 
05/04 14:27   Russian aviation tasked to monitor observance of truce, strike on terrorist groups remains in Syria - Konashenkov
 
05/04 14:21   Strengthening of strategic relations with Russia is one of Kyrgyzstan's foreign policy priorities - Atambayev
 
05/04 14:20   Russian Aerospace Forces in Syria flew 87 combat missions to strike ISIL facilities in Al-Raqqah, Deir ez-Zor in past four days - Konashenkov
 
05/04 14:18   Inflation in Kazakhstan 0.6% in April, 3.6% YTD
 
05/04 14:17   Fitch downgrades Kazakhstan to 'BBB' with stable outlook
 




 

Interfax.com  |  Interfax news  |  ARMZ to close deal to consolidate 100% of Uranium...


News headlines


September 26, 2013 12:14

ARMZ to close deal to consolidate 100% of Uranium One Oct 18

MOSCOW. Sept 26 (Interfax) - Atomredmetzoloto (ARMZ), the Russian uranium mining holding, will close a deal to consolidate 100% of the shares in Canada's Uranium One on October 18.

Uranium One said in a statement that it had obtained all the necessary regulatory approvals to close the deal.

The deal was previously expected to close at the end of the second quarter, but Uranium One said in June that it expected it to close in the third quarter.

ARMZ currently owns 51.4% of Uranium One. Under the terms of an agreement signed in January 2013, ARMZ will acquire all common shares in Uranium One not currently owned by the company and its affiliates at a price of CAD2.86 per share. ARMZ will spend a total of about CAD1.3 billion ($1.32 billion) on the deal.

Uranium One will de-list from the Toronto and Johannesburg stock exchanges following closure.

In addition, all corporate procedures to create Uranium One Holding B.V. should be wrapped up by the autumn of 2014.

Rosatom, the state nuclear corporation which controls ARMZ, said at the end of May that foreign uranium projects controlled by Uranium One would be unbundled from ARMZ. Uranium One's assets will be transferred from ARMZ to the Netherlands-based Effective Energy N.V., which will be renamed Uranium One Holding. This holding company will be controlled by Atomenergoprom, which manages Rosatom's civilian assets.

Uranium One Holding will also get 100% control of Mantra Resources, which is developing the Mkuju River uranium deposit in Tanzania. Uranium One acquired 14% of Mantra from ARMZ in March 2012 and has an option to buy out the remainder until June 2013.

ARMZ will also expand the scope of its operations in Russia beyond uranium mining to also develop gold, zinc and lead deposits.

In Kazakhstan, Uranium One owns 70% of the Betpak Dala joint venture, which owns the Akdala Mine and the South Inkai Mine; 50% of the Karatau joint venture, 30% of the Kyzylkum joint venture (Kharasan project), 50% of the Akbastau joint venture and 49.67% of the Zarechnoye joint venture, which owns the Zarechnoye Mine and the South Zarechnoye Project. In the United States, the company owns 100% of the Willow Creek Project, and has a number of development projects in Wyoming. In Australia, Uranium One owns 51% of the Honeymoon Uranium Project. It is also the operator of Mantra Resources' Mkuju River project in Tanzania.

In Russia, ARMZ controls Priargun Mining and Chemicals Association, which produced about 63% of Russia's uranium in 2011; CJSC Dalur and OJSC Khiagda, where mining is done by drillhole in situ leaching. ARMZ is also developing deposits in the Southern zone of the Elkon uranium district in Yakutia, which calls for the construction of the Elkon mining and metallurgical complex and a number of other projects.

In November 2012, ARMZ bought 99.5% of First Ore Mining Company for $30 million. This company holds the rights to the Pavlovskoye lead and zinc field on Novaya Zemlya, one of the world's five largest.

Pr of

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

May 04, 2016
 
14:21
Strengthening of strategic relations with Russia is one of Kyrgyzstan's foreign policy priorities - Atambayev
 
14:20
Russian Aerospace Forces in Syria flew 87 combat missions to strike ISIL facilities in Al-Raqqah, Deir ez-Zor in past four days - Konashenkov
 
14:18
Inflation in Kazakhstan 0.6% in April, 3.6% YTD
 
14:17
Fitch downgrades Kazakhstan to 'BBB' with stable outlook
 
14:16
Over fifty military units joined ceasefire in Syria - Konashenkov
 
14:16
NPO Avtomatika General Director Shalimov suspended from job for period of investigation into failed launch from Vostochny Cosmodrome
 
14:12
Support for Moldova's integration with Customs Union 11.2% higher than support for entry into EU - poll
 
14:12
Russian, U.S. military reach full mutual understanding on organization of combat aviation flights - Konashenkov
 
14:05
 
14:03
SYRIAN ARMY, MILITIA UNITS SUPPORTED BY RUSSIAN AEROSPACE FORCES SIGNIFICANTLY ADVANCE IN ARAK AREA - GEN. KONASHENKOV
 
14:03
RUSSIAN AVIATION DESTROY 7 ISIL COMMAND POSTS IN AREA OF SYRIAN CITY OF ARAK - GEN. KONASHENKOV
 
14:02
RUSSIAN AEROSPACE FORCES SUPPORT OFFENSIVE OF SYRIAN GOVERNMENTAL TROOPS, MILITIA UNITS NEAR ARAK - KONASHENKOV
 
14:01
TGK-2 net profit to RAS up 47% in Q1
 
14:01
RUSSIAN AEROSPACE FORCES PERFORM 87 COMBAT MISSIONS IN SYRIA IN PAST 4 DAYS FOR STRIKING ON ISIL TARGETS IN AL-RAQQAH, DEIR EZ-ZOR - GEN. KONASHENKOV
 
 more headlines 



Interviews
 

.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about London‘s position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview to Interfax in which she speaks about prospects for cancelling EU sanctions against Russia, Athens‘s position of the South Stream project, the EU-Turkey agreement on refugees and her expectations from the upcoming tourist season and Russia-Greece Cross Year.

more

 
  
 ©   1991—2016   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100