14:20 GMT +319 August 2018
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    An individual works in the main building of the Khiagda enterprise in the Bauntovsky district of the Republic of Buryatia. Khiagda (part of Atomredmetzoloto, or ARMZ, the uranium holding of Rosatom State Corporation) is beginning preparations for the development of the Istochnoye and Verhinskoye natural uranium deposits at the Khiagda ore field in Buryatia

    Russia, China to Work Jointly on Global Uranium Production Markets - Rosatom

    © Sputnik / Evgeny Yepanchintsev
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    MOSCOW (Sputnik) – Russia and China will work together on global markets of uranium production, Russia’s Rosatom state nuclear corporation Deputy Director General Nikolay Spassky said Monday.

    "The project envisages joint work on global uranium markets," Spassky said at the ceremony of signing of the agreement.

    The new uranium mining site will be located in Russia's Zabaikalsky Territory.

    READ MORE: DOJ Allows FBI Informant to Testify on Clinton-era Russia Uranium Deal

    Earlier in the day, an agreement was signed on investments in construction of a new uranium mine in Russia. The deal envisages the involvement of the Russia-China Investment Fund of Regional Development.

    The first contribution of the Russia-China Investment Fund of Regional Development is estimated at 2.5 billion rubles (nearly $44 million). This project will be the first participation of Beijing in the uranium mining project in Russia.

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    uranium, cooperation, Rosatom, China, Russia
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