Mongolia and Orano Agree $1.6 Billion Uranium Mining Deal

Mongolia and French group Orano Mining have struck a preliminary agreement to develop a $1.6-billion uranium mining project in the Asian country, the Mongolian government said on Friday. The cabinet has sent a draft agreement on the project for approval by the Parliament, according to an official statement cited by Reuters. Mongolia is estimated to hold around 60,500 tU in reasonably assured resources plus inferred resources to $130/kgU, according to a 2020 joint report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency…