The head of the Ministry of Foreign Affairs of Lithuania appeal an official Riga to be more active in the regional energy projects

During the negotiations with the president, Prime Minister and the chairman of the parliament of Latvia, the Minister of Foreign Affairs of Lithuania Audronius Ažubalis has emphasized the value of assistance of Riga in the Lithuanian energy projects and appealed for more active participation in the projects, they said in the press-service of the Ministry of Foreign Affairs of Lithuania to IA REGNUM. Read more »

Severstal-Invest to provide Rosatom with rolled metal

The Severstal-Invest trading house dealing with rolled metal, metalware and pipes (Severstal Russian Steel) has won a tender for the delivery of rolled metal to the Rosatom state corporation.

The tender was led at electronic trading facility of the Auction competition house. During the tender Severstal-Invest proposed to the client the most suitable variant. Read more »

Russia. Atomredmetzoloto is about to organize gold production at the Elkonsky uranium deposit

Atomredmetzoloto, a part of the state corporation Rosatom, has decided to organize gold production at the Elkonsky uranium and ore cluster in Yakutia. They plan to start the development of one of the largest uranium deposits in the world amidst the drop of prices on uranium by 30% after an accident at a Japan nuclear plant “Fukusima-1”. As they stated to FederalPress in the press-service of the government of the republic, there has been taken technological and management decisions for associated gold production at the deposit Lunnoye at present. Read more »

Armenia. Geological prospecting on uranium deposits search to resume on the south

Geological exploration on the search of uranium deposits, suspended in December last year, resumed several days ago near the villages of Lernadzor, Puhrut and Katnarat (Kapansk district). As a chairman of OOO “ABVAN” (leading this operation) Y.Gevorgyan said to reporters, the operation has no burden on the environment. “This is the continuation of the project, suspended last year. It will take about 1 month. Exploration operations are carried out at the same place and are not planned at other places,” he said. Read more »

TVEL to found metallurgical center on the basis of Chepets mechanic plant

The fuel company of Rosatom TVEL will found on the basis of Chepets mechanic plant OAO (in the structure of the fuel company TVEL) a metallurgical center. The first Vice-President of TVEL OAO, V. Rozhdestvensky, said at the meeting of the plant, the report says. According to the conception of the forming and development, on the basis of Chepets mechanic plant is it planned to join a few new directions of the plant’s activity. In particular, it will comprise special pipe rolling, the production of solid calciferous wire, nanometallurgy, rare earth elements, technical ceramics and others. Read more »

First Vice CEO of Atomredmetzoloto can head the company

The First Vice CEO of Atomredmetzoloto T. Khachaturov can head the company replacing the current CEO Y. Polunkin. The issue will be discussed at the extraordinary shareholders meeting in October 4th.

Atomredmetzoloto was founded in 1991. The holding, a branch of Rosatom is the fifth largest uranium producers. It manages all Russian uranium assets and executes several projects in Kazakhstan. Atomredmetzoloto stands second by the metal reserves in the world.

Translated by Nadezhda Poltoratskaya Read more »

Inter RAO UES has partially transferred credit of 82.099 billion roubles to its branch Inter RAO Capital

Inter RAO UES has partially transferred a credit of 82.099 billion roubles to its branch Inter RAO Capital. The subsidiary received tranches of 45 billion roubles, 36.75 billion roubles and 0.349 billion roubles. Under the agreement closed by the companies Inter RAO UES was going to grant a credit of 90 billion roubles to Inter RAO Capital. The loan has no interest rate, and its tranches are granted up to January 1st 2013. The funds are necessary for the authorized activity financing. Read more »

Sort-rolling plant of Severstal, Foundry of Uralvagonzavod and aluminium plant of Rusal to launch in Balakovo

The Saratov region is luckly. In the Soviet times in Balakovo, located 160 km to the North-East of Saratov, had the largest in the European part of the continent nuclear power station – the Balakovo nuclear power station (belongs to the state concern Rosatom) with 4 GW capacity was constructed. The Saratov water power plant was located not far (1.4 GW capacity, belongs to the state holding RusGidro) that is in the top-10 largest water power plants in Russia. Read more »

Rosatom to produce rare -earth metals in JV with Kazatomprom

The joint investment of the Russian Atomredmetzoloto (ARMZ, uranium producing holding in the structure of Rosatom) and the Kazakh State company Kazatomprom into the production of rare-earth metals might amount to $500 mln, Kazatomprom’s head V. Shkolnik told Bloomberg. The investment is planned in the framework of a JV on the rare-earth metals formed by the partners. The memorandum was signed during the Rosatom’s head, S. Read more »

Kazakhstan and Russia agreed on cooperation in rare-earth metals production

The Kazakhstan National Nuclear Company “Kazatomprom” and the Russian largest coal producing company “Atomredmetzoloto” signed a memorandum of intentions concerning cooperation in rare-earth metals production, a correspondent of the agency reports. Read more »

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