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 SA 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.