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On the Novaya Zemlya archipelago in the Arctic, preparations are underway for The First Ore Mining
Company to start mining zinc and lead concentrates. During the field season of 2020, the international team was engaged to carry out Geological Prospecting activities which created a foundation for ARMZ
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Atomredmetzoloto also holds a 100% stake in Gornoe
Uranium Mining Company (Chita, the Trans-Baikal Territory) and Elkon MMP, JSC (Aldan, the Republic of Sakha), a 99.78% stake in The First Ore Mining Company (TFOMC, Moscow), and a 50.003% stake in Lunnoye, JSC (the Lunnoye gold and uranium deposit,
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In June 2011, it closed a transaction worth USD 983 million to purchase a 100% stake in Mantra
Resources Limited, thus ensuring participation in the uranium development projects in Tanzania (including the Mkuju River area with over 39,000 tons of uranium reserves). In January 2013, ARMZ agreed with
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ARMZ Uranium
Holding Co. (Atomredmetzoloto, JSC) is a former state concern established in 1991, which evolved from the First Main Directorate of the USSR Ministry of Medium Machine-Building Industry. The concern was an industrial complex comprising mining and processing enterprises located in six
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In June 2019, ARMZ founded a new company — ARMZ Mining
Machinery (Krasnokamensk, the Trans-Baikal Territory). Created under the business development strategy to diversify ARMZ’s core businesses, ARMZ Mining Machinery in cooperation with Aramine headquartered in France produces high-tech mining
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companies in Russia. To achieve its goals, Atomenergoprom transferred its shares in mining companies to ARMZ, i.e., 80.3% in
Priargunsky Industrial Mining and Chemical Union (PIMCU), 97.85% in Dalur, and 99.99% in Khiagda. ARMZ took over Rusburmash, JSC in 200, and acquired a 100% stake in the
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139:, or AEP), a vertically integrated company encompassing enterprises of the civil nuclear industry. In early August 2007, Atomenergoprom acquired a 100% stake in Atomredmetzoloto, which became Russia’s flagship uranium mining company.
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Atomredmetzoloto is engaged in exploration, mining, and processing of uranium and gold ores, rare and trace elements, while the uranium operations are run by its three existing enterprises (i.e., PIMCU, Dalur, and
Khiagda).
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In 2013, a spin-off of ARMZ’s overseas assets was carried out to pass them under the management of
Uranium One Holding, whereby ARMZ Uranium Holding Co. consolidated the uranium mining assets in Russia.
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Although ARMZ was a majority shareholder of the
Canadian Uranium One, holding a 51% stake, in January 2013 it acquired the remaining shares in the company, thus becoming its sole owner.
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State Atomic Energy
Corporation, is a Russian uranium producer internally ranked sixth in the world in terms of uranium production and second in terms of in-situ uranium reserves.
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Its other business diversification projects include ancillary mining operations to produce scandium (Dalur), gold and silver (the Lunnoye gold and uranium deposit).
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In 2020, ARMZ Uranium Holding Co. produced 2,846 tons of uranium at its Russian enterprises, thus ranking among the world’s six top producers of uranium.
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Drilling and geological monitoring operations for the projects are performed by Rusburmash, JSC, both domestically and internationally.
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The fundamental changes to restructure the nuclear industry were fraught with Atomenergoprom executed the consolidation of all
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to conduct an appraisal of mineral resources and reserves of the Pavlovskoye deposit in accordance with the JORC Code.
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Atomenergoprom, JSC is the holder of 84.5% of Atomredmetzoloto, JSC shares.
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Alexander Lokshin (Chairman), Vladimir Verkhovtsev (Director General)
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the U1 management to increase its stake in Uranium One up to 100%.
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Alexander Lokshin is the Chairman of the ARMZ Board of Directors.
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All-Russian Scientific Research Institute of Experimental Physics
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authorized capital of VNIPIpromtechnologii, JSC in 2010.
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International sanctions during the Russo-Ukrainian War
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201:the Republic of Sakha).
151:Mergers and Acquisitions
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806: and disputes
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303:Nuclear power in Russia
298:Energy policy of Russia
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723:List of power stations
704:Electricity generation
219:Performance Indicators
1301:Russian company stubs
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112:Atomredmetzoloto, JSC
412:ARMZ Uranium Holding
183:Vladimir Verkhovtsev
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73:Key people
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94:Website
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