ARMZ of Russia might become the third uranium producer

11/06/2010 09:08 Electricity Market


ARMZ, the state-controlled miner in Russia, the country with 1/10 of the world’s uranium reserves, intends to expand outside the country, aiming to become one of the third major producers in the world. It signed a transaction on Tuesday of acquiring the majority of shares in proportion of 51% in Uranium One, Canada.

The deal will lead to the building of new nuclear plants, by creating a durable industry, largely seen as another option to reduce hydrocarbon sources. In 2009, ARMZ was the fifth main uranium producer in the world, after Rio Tinto, Cameco, Kazatomprom and Areva, according to some officials of the company, while Uranium One was on the eights position. ARMZ has already operations in two mines in Russia, with the third one under construction, holding as well licenses for numerous uranium deposits, counting the Elkon fields in Yakutia. Uranium One manages some projects in the republic of Central Asia, having as well assets in Kazakhstan, the Unites Stated and Australia. Both firms will generate about 7,130 tonnes this year, Uranium One contributing with 2,000 tonnes, however by 2011, it is expected that the Canadian group increase the production by 30%.

France's EDF says no damage found so far at Cruas nuclear plant after earthquake

13/11/2019 09:08:00

Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility’s reactors until Nov. 15.


E.ON to purchase 3TWh of clean energy annually from RWE Renewables

13/11/2019 09:05:00

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.


US Shale Output to Overtake Oil and Gas Production From Russia by 2025 - IEA

13/11/2019 09:02:00

The total US shale output will overtake production of oil and gas in Russia by 2025, according to the Stated Policies Scenario outlined in World Energy Outlook report released by the International Energy Agency (IEA) on Wednesday.