27 Nov '09
Uranium holding Atomredmetzoloto has plans to develop a design for its metal and mining complex at Yakutia’s Elkonskoye uranium field in 2010-2011, CEO Vadim Zhivov said today.
Under plans, construction and commissioning are scheduled for 2012-2019; the complex will be fully launched between 2017 and 2031.
From that point, Mr. Zhivov said, the complex will be producing up to 25% of uranium used by Russia’s nuclear energy companies.
The RF government will reportedly own 51% of Elkonsky Metal & Mining.
The cost of the project has yet to be announced.
Yakutia’s uranium reserves are estimated at 319,000 (6% of global reserves). According to RIA Novosti, the Elkonskoye field is one of the world’s largest uranium deposits (5.3% of recoverable global reserves).
Atomredmetzoloto is the uranium division of nuclear energy holding Atomenergoprom.