France’s Orano sees progress developing uranium mine in Mongolia
A long-delayed, multi-billion dollar uranium project in Mongolia under development by French State-controlled miner Orano could start producing the nuclear fuel by 2030, the company said.
Commercial output from the Zuuvch Ovoo mine could begin after five years of construction, pending the signing of an investment agreement, according to Olivier Thoumyre, Orano’s representative in Mongolia. A confirmation vote on the project in the country’s parliament is scheduled for the current legislative session.
Global uranium demand is rebounding as China continues to add plants, while other nations in Europe and Asia prepare to build reactors as part of strategies to curb emissions. If it goes ahead, Zuuvch Ovoo stands to be the largest mining project in Mongolia since the development of the Oyu Tolgoi copper-gold mine led by Rio Tinto Plc, a venture that took decades to bring fully online, including an underground expansion that opened last year.
Mongolia has the possibility of becoming a “major player” in uranium, Thoumyre said at an industry convention in Nalaikh, a town near the capital, Ulaanbaatar. Zuuvch Ovoo has been in development since before 2013, when Areva SA, Orano’s forerunner, formed a joint venture with Mongolia’s nuclear company, Mon-Atom, to develop uranium resources.
The reappointment of Oyun-Erdene Luvsannamsrai as Prime Minister in July has boosted confidence in policy continuity from the previous administration, which agreed to negotiate with Orano over the mine a year ago. “Discussion never stopped” over terms, Thoumyre said on Thursday.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
