NEA OFFICIAL HOPES FOR QUICK DECISION ON DORNOD URANIUM

The Director of the Nuclear Material Department of the Nuclear Energy Agency, Mr. T.Bayarbayasgalan, hopes the government will be able to take a decision soon on establishing the proposed Russia-Mongolia joint Dornod Uranium Company. A working group led by Minister for Foreign Affairs G.Zandanshatar is reviewing the foreign relations aspects of the issue and the agency has submitted to the Government a report detailing possible sources of funding and a review of proposals made by Russia. A third partner is acceptable to both Russia and Mongolia and “Japan may be a good choice”, he said. Representatives of Japanese companies such as Marubeni, Mitsui, and Toshiba have made visits to Mongolia lately and expressed their interest to cooperate in the sector.

He told a reporter that Khan Resources, whose uranium licenses have been canceled, “is a relatively small company compared to these Japanese firms and it also violated several laws”. He ruled out the possibility of revoking the cancellation. Mr. Bayarbayasgalan was confident that the court case the company has filed against the Agency “will be decided in our favor”.

Source: Ardiin Erkh

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