Russian uranium mine receives Rosatom funding

16 August 2016

Mine No 6 at Russia’s Priargunsky Industrial Mining and Chemical Union (PIMCU) will receive funding from State nuclear corporation Rosatom of RUB27bn ($411m), according to Valery Makarov, advisor to the director general of uranium holding company Atomredmetzoloto (ARMZ). This April, Glavgosekspertiza (state expert review authority) issued a positive statement for construction of the mine. The project implementation will start with construction of the shaft water treatment system worth “slightly more than RUB2bn”, Makarov noted on 3 August. “Now, we are taking part in a tender called by the Ministry of Economic Development and hope get a grant for this project,” he noted. Mine No 6’s operational reserves are estimated at 40,900t t of uranium (tU). The mine design production capacity is 1,800 tU a year. Commissioning is scheduled for 2022. Earlier reports said construction would be cost around RUB30bn.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.