OREANDA-NEWS. April 22, 2008. Deputy Director General of Rosatom State Nuclear Energy Corporation Nikolay Spassky will attend the ceremony of signing of the agreement for establishment of Russian-Armenian uranium prospecting and mining joint venture.

The signing ceremony is to take place in Yerevan on Apr 22. The agreement will be signed by the director general of Atomredmetzoloto OJSC Vadim Zhivov and Minister of Environment Protection of Armenia Aram Haroutyunyan.

Atomredmetzoloto OJSC (Uranium Holding ARMZ) manages all Russian uranium mining assets and is carrying out a number of projects in Kazakhstan. The total reserves of the companies set up by the holding in Russia and Kazakhstan makes up 583,500 tons. 100% of shares of Atomredmetzoloto belong to Atomenergoprom OJSC, which is part of Rosatom State Nuclear Energy Corporation.

Atomenergoprom OJSC (Atomny Energopromyshleny Kompleks) is a state holding that is supposed to comprise 89 nuclear companies and to cover the whole range of nuclear services: from uranium mining to NPP construction and electricity production. Atomenergoprom’s companies will have a total of 175,000 employees and an annual production of 200bln RUR (5.5bln EUR). Atomenergoprom is one of the biggest players on the world market: it has a 40% share in the world’s uranium enrichment services, 17% in nuclear fuel production, 8% in uranium mining, 28% in NPP construction (10 reactors). The director of Atomenergoprom is Vladimir Travin, the chairman of the board of directors – Sergey Kiriyenko.