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MOSCOW, April 23 (UPI) -- Russia and Armenia signed a treaty Tuesday in Yerevan to set up a joint venture for the exploration and mining of uranium and other minerals in Armenia. A joint company is being established on parity lines and will be registered within the next three months. The treaty was signed by Vadim Zhivov, general director of the Atomredmetzoloto uranium holding, and Armenian Environmental Protection Minister Aram Arutyunyan. ARMZ manages all of Russia's uranium assets and runs some projects in Kazakhstan.

saved byEnergy Net on 2008-04-25