The Russia-China Investment Fund for Regional Development on March 12 signed an agreement to become a co-investor of construction of a 18.5 billion ruble uranium mine of Priargunsky Industrial Mining and Chemical Union, part of state nuclear power corporation Rosatom’s unit Atomredmetzoloto.
The company plans to launch the first stage of the mine in 2023. The project’s cost is, and the first investment tranche of the fund is to amount to 2.5 billion rubles, according to the agreement. Commercial reserves of the mine’s mineral fields stand at about 40,000 tons of uranium.
Nikolai Spassky, a deputy CEO of Rosatom for international relations, said at the signing ceremony that the Russian-Chinese project in the uranium sector encompassed joint work of the two countries at the world markets of uranium.
Wang Feng, chairman of the Russia-China Investment Fund for Regional Development, said that the fund might support joint construction of nuclear power plants and nuclear medicine in the future.
“There are many common points for cooperation. For instance, it includes construction of nuclear power plants. It also includes cooperation in production and sales of isotopes,” he said. (Prime/Ukrainian metal)