Mongolia Signs Uranium Deal With French Nuclear Giant

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Mongolia Signs Uranium Deal With French Nuclear Giant - The Diplomat

Quick Summary:

An investment agreement worth $1.6 billion will see France’s Orano Group and Mongolia’s MonAtom Group jointly develop the Zuuvch-Ovoo uranium mine.

Commenting on the successful partnership between Mongolia and France, Laurent Saint-Martin, France’s minister delegate for foreign trade, stated, “The agreement is worth 1.6 billion over 30 years, it is a major partnership for securing our energy supply.

However, Orano and the government of Mongolia argue that the modern technology used in the process will prevent any such harm.“The Franco-Mongolian project will apply international standards and state-of-the-art techniques in terms of safety, security and the environment, setting a benchmark for the development of the uranium industry in Mongolia,” Orano’s press release pledged.