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Mongolia and Russia discuss joint uranium mining |
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Tuesday, 27 May 2008 |
 Mongolian Prime Minister S.Bayar
travelled 700 meters down a uranium mine shaft with Russian officials
on Monday as he negotiated joint uranium development in Mongolia.
Bayar, previously in Moscow,
traveled with Sergei Kiriyenko, Director General of the Rosatom state
corporation, to Priargunsk Mining and Chemical Integrated Works in the
Chita region. There, they toured a uranium mine.
Russia seeks to mine uranium
from the six Mongolian uranium sites in the country. Estimates place
Mongolia as having 62,000 tons of uranium ready for mining, with another
1.3 million tons not yet developed. This means Mongolia has the fourth
largest uranium reserves in the world.
“This is not the first meeting
between the chief of the Russian nuclear power state corporation and
the Mongolian premier in order to outline the plans for broader bilateral
cooperation in the geological prospecting and the uranium production
in the two countries,” a government source told the Itar Tass news
agency.
Noting the recent rise in uranium
prices, Kiriyenko told reporters, “At present the price of one kilogram
of uranium is about 100 dollars, but quite recently a kilogram of uranium
cost only 40 dollars on the world market,” he said. “This situation
makes the uranium production for the needs of the developing nuclear
industry economically profitable. Russia intends to produce uranium
everywhere it is economically profitable for us.”
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