MOSCOW, May 26 (RIA Novosti) - Russia's total uranium reserves are significantly more than 1 million tons, the head of the Rosatom nuclear corporation said on Tuesday.

Sergei Kiriyenko said Russia had 575,000 tons of recoverable uranium reserves and 875,000 tons of proven reserves.

He added that including uranium stocks in storage, total reserves exceeded 1 million tons.

He did not specify how much uranium was currently in storage, saying that the information was classified, but indicated that there was sufficient uranium supplies to run current and future nuclear power plants for the next 60 years.

Kiriyenko said new uranium fields would be developed, in particular one in South Yakutia.