BMN 1.56% $3.15 bannerman energy ltd

armz uranium holding, the russian state-run

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    miner of the radioactive metal, said Tuesday that it was in talks with Areva to jointly develop deposits in Africa, where one-fifth of the world's uranium is located. The companies want to tap fields in Namibia, among others, because of the region's low-cost, under-explored deposits, said Dmitry Shulga, head of investor relations at ARMZ. Patricia Marie, a spokeswoman for state-run Areva, declined to comment on any talks with ARMZ.

 
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