Uranium One sees a bright future for the growth of nuclear-generated power. The company has uranium production and development projects in Australia, Kazakhstan, South Africa, and the US. Its primary in-production project is the majority-owned Akdala Mine in Kazakhstan. Other projects in Kazakhstan, South Africa, and the US are in the late stages of development. Uranium One sees uranium demand increasing due to nuclear reactors being built in Asia and Europe. In 2010 ARMZ, the mining arm of Russia's Rosatom State Corporation, acquired a 51% interest in Uranium One in a $610 million cash deal. ARMZ later bought the entire company.