June 9, 2010 / 12:28 PM / in 8 years

ARMZ says to boost Uranium One's output by 30 pct

MOSCOW, June 9 (Reuters) - Russian state-controlled miner ARMZ said its acquisition of a controlling stake in Canada’s Uranium One UUU.TO will boost the Canadian company’s output by 30 percent in 2011.

It added that it expects the combined output between the two companies to be 7,130 tonnes in the current year.

Earlier, ARMZ said that it planned to become a top three uranium producer. [ID:nnLDE6580ZQ] (Reporting by Alfred Keuppers and Polina Devitt, Writing by John Bowker; Editing by Jon Loades-Carter)

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