Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

09/19 23:02   Ukraine law enforcement: no tampering with parliament voting system detected
 
09/19 22:10   Idea to replace prosecution for economic crimes with fines needs to be studied - Medvedev (Part 3)
 
09/19 22:06   Police say probing anti-LGBT assault in St. Petersburg
 
09/19 21:56   Mobster gets 20 years for deaths of 16 soldiers in Chechnya
 
09/19 21:46   Ukraine, Poland, Lithuania to set up joint army brigade
 
09/19 21:44   Rostov region readies 4,500 places for possible winter accommodation of Ukrainian refugees - governor
 
09/19 21:25   Putin stresses need to develop own software
 
09/19 21:23   Ukraine may launch 4th wave of military reservists mobilization - minister
 
09/19 21:12   Moscow raps intl investigators from refusing to visit MH17 crash site
 
09/19 21:02   Ukraine Boeing tragedy used by some countries to escalate international tensions - Churkin (Part 2)
 




 

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

September 19, 2014
 
23:02
Ukraine law enforcement: no tampering with parliament voting system detected
 
22:10
Idea to replace prosecution for economic crimes with fines needs to be studied - Medvedev (Part 3)
 
22:06
Police say probing anti-LGBT assault in St. Petersburg
 
21:56
Mobster gets 20 years for deaths of 16 soldiers in Chechnya
 
21:46
Ukraine, Poland, Lithuania to set up joint army brigade
 
21:44
 
21:25
Putin stresses need to develop own software
 
21:23
Ukraine may launch 4th wave of military reservists mobilization - minister
 
21:12
Moscow raps intl investigators from refusing to visit MH17 crash site
 
21:02
Ukraine Boeing tragedy used by some countries to escalate international tensions - Churkin (Part 2)
 
20:53
Main indexes of the Russia stock market for September 19
 
20:51
Donetsk People's Republic, Luhansk People's Republic to press for independence at Contact Group talks
 
20:43
Runet will be protected against outside attempts to shut it down - Nikiforov (Part 2)
 
20:37
Ukraine Contact Group to sign ceasefire memorandum
 
 more headlines 



Interviews
 

.
Pakistani Ambassador to Russian Zaheer Aslam Janjua has given an interview to Interfax in which he speaks about prospects for supplying more Pakistani food products to Russia, the quality of such products and invites Russian companies to implement infrastructural projects in Pakistan.

more
.
.
John Padilla, managing director of consultants IPD Latin America, talks to Interfax about Colombia’s investment climate.

more
.
.
Palestinian leader Mahmoud Abbas signals readiness for compromise and praises Russia’s role in settling conflict in Middle East in an exclusive interview with Interfax

more

 
  
 ©   1991—2014   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