Rosatom to invest 4 bln rubles in uranium miner Priargun in 2013
KRASNOKAMENSK, Trans-Baikal Territory. Dec 17 (Interfax) - State nuclear corporation Rosatom plans to invest more than 4 billion rubles in 2013 in Priargun Mining and Chemicals Association (PPGKhO), Russia's biggest uranium producer, Rosatom chief executive Sergei Kiriyenko said Friday at a meeting with PPGKhO employees.
He said Rosatom provided 700 million rubles in financing to PPGKhO in 2007, 2.5 billion rubles in 2011 and 3.8 billion rubles in 2012.
"We're not stopping. Next year - a little more than 4 billion rubles," Kiriyenko said.
Rosatom and Trans-Baikal Territory signed a cooperation agreement on Friday that is intended to promote the social and economic development of Krasnokamensk. The agreement calls for PPGKhO to join the Rosatom consolidated group of taxpayers, which is expected to help boost tax revenues for Trans-Baikal Territory's budget.
The regional administration will spend part of the extra revenue on the development of Krasnokamensk, where most PPGKhO employees live.
PPGKhO, a unit of Rosatom division Atomredmetzoloto (ARMZ), mines the Streltsovskoye ore field and processes the ore at a hydrometallurgical plant and heap leaching facility. The company has estimated resources of 133,000 tonnes of uranium.
