Atomredmedzoloto OJSC sets up new uranium mining companies

06.12.2007 // PR Department of Atomredmetzoloto OJSC

Atomredmedzoloto OJSC is setting up new uranium mining companies

New uranium mining companies were registered in Chita on Dec 3 2007: “Gornoye” Uranium Mining Company CJSC (Gornoye and Beryozovoye deposits) and “Olovskoye Mining Chemical Combine” CJSC (Olovskoye deposits, Chernyshevsk district of Chita region).

The total reserves of Gornoye and Bryozovoye deposits is estimated at 8,700 tons, of Olovkoye deposit – at 12,800 tons.

“Elkon Mining Chemical Combine” CJSC was registered in Tommot, Aldan district, Republic of Sakha-Yakutia on Nov 6 2007.

Elkon is one of the biggest groups of uranium deposits in the world: it contains almost 6% of the world reserves of uranium (344,000 tons). The biggest deposit of the group is “Yuzhnaya.” By 2020 this deposit may give almost 5,000 tons of uranium a year.

All the above-mentioned companies are subsidiaries of Atomredmetzoloto OJSC. By setting up new uranium mining companies Atomredmetzoloto is solving the problem of long-term and stable supply of raw materials for Russia’s nuclear industry.

Note

Atomredmetzoloto Open Joint Stock Company is Rosatom’s leading organization for mining of uranium in Russia and abroad. The company is part of Atomenergoprom OJSC. Atomredmetzoloto holds all Russia’s uranium mining assets and has joint ventures in the territory of Kazakhstan. The central office of the company employs almost 200 people.