Russia has launched a pilot project to bring investors into the uranium mining industry and help its bid to boost production of the metal. State uranium miner OJSC Atomredmetzoloto (ARMZ) and Yakutia-based OJSC Zoloto SeEgdara (Seligdar Gold) have struck an agreement for investing 1.4 billion rubles in the Lunnoye gold, silver and uranium field in southern Yakutia by 2011, Atomredmetzoloto told Interfax on March 31. The companies plan to draft a feasibility study for the project by the end of this year. They have founded a subsidiary, CJSC Lunnoye, in which ARMZ will own 50.3 percent and Zoloto Seligdara 49.97 percent of the equity, to develop the deposit.
展开▼
