Uranium & Fuel

France / Orano Signs €1.6 Billion Protocol For Uranium Mining In Mongolia

By David Dalton
13 October 2023

Deal sets out framework for potential investment

Orano Signs €1.6 Billion Protocol For Uranium Mining In Mongolia
Claude Imauven, chairman of Orano, and Sanjaagiin Narantsogt, chief executive officer of state-owned mining investment company Erdenes Mongol, sign the protocol in the presence of French president Emmanuel Macron and Ukhnaagiin Khürelsükh, president of Mongolia. Courtesy Orano.
French nuclear firm Orano has signed a protocol reported to be worth up to €1.6bn ($1.7bn) with Mongolia that paves the way for the mining of uranium in the landlocked country, the company and the French presidency said.

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