Russian uranium company to join Cameco in Central Australia

Russia‘s ARMZ in talks with Cameco on uranium mining

MOSCOW, Oct 1 (Reuters) – State-controlled Russian uranium miner ARMZ Holding is in talks with Canada’s Cameco Corp (CCO.TO) on possible mining joint ventures in Australia and Africa, the company’s deputy head said on Thursday…… The idea arose, he said, because a joint venture with Cameco in Russia had stalled due to laws limiting foreign access to strategic mineral resources. (Reporting by Polina Devitt, writing by Robin Paxton, editing by Maria Kiselyova) http://www.reuters.com/article/euMergersNews/idUSL112565120091001

October 2, 2009 - Posted by Christina Macpherson | business, Northern Territory, uranium | antinuclear, Australia, nuclear, nuclear wastes, nuclear weapons, radioactive, uranium