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Uranium: Orano and Mongolia sign a major mining agreement

21/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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C'était le vendredi 17 janvier dernier, que le Public group Orano (ex-AREVA) signed in Ulaanbaatar with Mongolia an agreement for the exploitation of a vast uranium mine.

The Zuuvch-Ovoo uranium deposit has around 90,000 tons of resources. The signing of an agreement, which reflects the good health of bilateral ties, has been pending since October 2023, when the memorandum of understanding on the operation of this site was initialled in France during a state visit by Mongolian President Ukhnaa Khurelsukh. According to Orano, this Zuuvch-Ovoo uranium deposit, discovered by the company's geologists in southwest Mongolia, is “

major.”

It has around 90,000 tons of resources and is expected to be exploited over three decades. According to Laurent Saint-Martin's services, “this is an important contract in terms of energy sovereignty and strategic autonomy.” In addition, a press release indicates that this agreement “embodies France's ambition to secure its uranium supply for the coming decades

.”
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