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M&A - Asia

Russia's ARMZ in talks with Cameco on uranium mining

MOSCOW, Oct 1 (Reuters) - State-controlled Russian uranium miner ARMZ Holding is in talks with Canada's Cameco Corp CCO.TO on possible mining joint ventures in Australia and Africa, the company's deputy head said on Thursday. "Cameco is offering us projects in other countries at present," ARMZ deputy general director Alexander Boitsov told a news conference.

The idea arose, he said, because a joint venture with Cameco in Russia had stalled due to laws limiting foreign access to strategic mineral resources. (Reporting by Polina Devitt, writing by Robin Paxton, editing by Maria Kiselyova)

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