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

MOSCOW, June 9 (BestGrowthStock) – 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]

Stock Market Money

(Reporting by Alfred Keuppers and Polina Devitt, Writing by
John Bowker; Editing by Jon Loades-Carter)

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