SpaceWar.com - Your World At War
France signs uranium mining deal with Mongolia
Paris, Oct 12 (AFP) Oct 12, 2023
French nuclear firm Orano signed an agreement potentially worth 1 billion euros with Mongolia on Thursday to extract uranium, the French presidency said.

Orano (formerly Areva) signed the deal during a state visit by Mongolian President Ukhnaa Khurelsukh, giving it exploitation rights alongside a local partner for the Zuuvch-Ovoo mine in the country's southwest.

A French official told AFP in June the project was estimated at "more than a billion euros" and would "make it possible to extract a significant quantity of uranium" to "reinforce the strategic autonomy" of France.

The two countries have pledged to expand ties, with French President Emmanuel Macron visiting Mongolia in May.

His office says it wants to give Mongolia, which is surrounded by China and Russia, "the means to benefit from greater strategic sovereignty" in the face of these "two extremely powerful neighbours."

A full investment agreement, due to be finalised by the end of the year, is also due to include the provision of a telecoms satellite to Mongolia by French firm Thales and a project to search for lithium deposits.

A state dinner was due later on Thursday at the Elysee palace for Khurelsukh and around 100 guests.

fff-nal/er/sjw/cw

AREVA

THALES


ADVERTISEMENT




Space News from SpaceDaily.com
Russian space chief to meet NASA head for first time in eight years
BlackSky to supply satellite imagery and analytics for Latin American security operations
Cascade raises 59M to develop full stack satellite communications platform

24/7 Energy News Coverage
Palantir, the AI giant that preaches US dominance
China and US wrap first day of trade talks
'Food on table' outweighs health risks for Philippine e-waste dismantlers

Military Space News, Nuclear Weapons, Missile Defense
North Korea warns US against pushing it to give up nukes
Iran vows stronger response if attacked again by US, Israel
Ukraine says Russian attacks targeted western city, home to airfield

24/7 News Coverage
BAE Systems completes delivery of NOAA and NASA space weather satellites for fall launch
Building blocks of life found in distant star system suggest origins in interstellar space
Deep-sea fish confirmed as a significant source of ocean carbonate



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.