Almaz – Antey Air and Space Defence Corporation and ARMZ Uranium Holding Co. sign a memorandum of interest in joint Arctic projects
On 9 April 2019, on the sidelines of the ‘Artic: Territory of Dialogue’ International Arctic Forum in St. Petersburg, Almaz – Antey Air and Space Defence Corporation and ARMZ Uranium Holding Co. signed a memorandum of understanding on cooperation in Arctic projects.
The document was signed by Almaz – Antey Corporation General Director Yan Novikov and Vladimir Verkhovtsev, General Director of ARMZ Uranium Holding Co.
According to the memorandum, the parties intend to explore the possibility of building aviation infrastructure on the Novaya Zemlya archipelago to support ARMZ operations. The document provides for possible participation by Almaz – Antey Corporation enterprises in projects to develop the Pavlovskoye lead-zinc deposit, particularly through production of specialised equipment for working under the Arctic conditions. The parties also expressed interest in co-operating on ensuring the field's integrated and environmental safety.
ARMZ Uranium Holding Co. is a leader on the global uranium market. The company is implementing a project for commercial development of the Pavlovskoye lead-zinc deposit on the southern Yuzhny Island of the Novaya Zemlya archipelago.
Almaz – Antey Air and Space Defence Corporation is one of the biggest integrated associations of the Russian defence industry, with a staff of about 130,000. Last year, for the first time ever, the holding company was ranked among the top ten of the world's biggest manufacturers of military products, taking 8th place in the TOP-100 rating of the United States’ Defense News Weekly. The Corporation’s products are in service in more than 50 countries.