Russia to consider possibility of setting up JV in uranium with Mongolia

Russian government has introduced into the lower house of the Russian Parliament, the State Duma, an intergovernmental agreement with Mongolia on setting up joint uranium mining company with limited liability Dordon Uran.

The agreement was signed by head of the Russian state corporation Rosatom Sergei Kirienko and head of the Atomic Energy Authority of Mongolia Sodnomyn Enkhbat on August 25, 2009 in Ulan Bator.

Mongolia has never sealed deals in uranium with other countries.

The product output of the Russian-Mongolian uranium mining joint venture is planned at 2,000 tons per year.

The equality founders of mining venture are Atomredmetzoloto (ARMZ) on the Russian side and MonAtom LLC on the Mongolian side.

MOSCOW, August 14 (RIA Novosti)