CHITA, February 6 (RIA Novosti) - The Priargun uranium ore-mining and processing factory, which accounts for 91% of Russia's uranium production, said on Wednesday its output had increased 4% in 2007, year on year, to 3,000 metric tons.
The Priargun uranium producer, which is located in the Chita Region in Russia's Far East, has proven uranium reserves of 143,000 metric tons.
During his visit to China in June last year, Sergei Kiriyenko, the head of Russia's state nuclear corporation Rosatom, said about 15 billion rubles (about $600 million) were required to invest in the Priargun company to boost uranium production from 3,000 to 5,000 metric tons annually by 2014-2015.
According to forecasts, uranium production at the Priargun company could rise to 6,000 metric tons per year while the company's proven reserves to almost 200,000 metric tons.
