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Events
Investment Agreement on Mongolia-French Uranium Project Signed www.montsame.mn
On January 17, 2025, the Government of Mongolia and the “Orano Mining” company of the French Republic signed an Investment Agreement to collaborate on a uranium project.
Representing the Mongolian side were Chief of the Cabinet Secretariat of the Government of Mongolia Uchral Nyam-Osor, Minister of Finance Javkhlan Bold, Minister of Industry and Mineral Resources Tuvaan Tsevegdorj, and CEO of “Erdenes Mongol” LLC Narantsogt Sanjaa. Representing the French side were Minister Delegate for Foreign Trade and French Nationals Abroad Laurent Saint-Martin, CEO of “Orano” Group Nicolas Maes, CEO of “Orano Mining” Xavier Saint-Martin-Tillet, and CEO of Badrakh Energy Marc Meleard. The two sides signed the Investment Agreement.
After signing the agreement, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai and Minister Delegate for Foreign Trade and French Nationals Abroad Laurent Saint-Martin delivered remarks.
Prime Minister Oyun-Erdene noted “This is the second major investment agreement the Government of Mongolia has signed with a third country. Also, by concluding this agreement, foreign investment would increase, State and local budgets would grow, many new jobs would be created, new technology would be introduced, and international cooperation would expand, which are benefits that will have a direct impact on society and economy.” The Prime Minister also noted that this agreement will serve as a benchmark for future investment deals in the mining and minerals sector.
Minister Delegate for Foreign Trade and French Nationals Abroad Laurent Saint-Martin noted, “Today, we are signing a historic agreement enriched with new content and vigor. The Zuuch-Ovoo deposit is one of the top ten major deposits in the world. This deposit will certainly make Mongolia a large new player in the global uranium market. It will also provide a vital boost to the economic and social development of Dornogobi aimag and Mongolia as a whole.”
Deputy Prime Ministers of Mongolia Dorjkhand Togmid and Amarsaikhan Sainbuyan as well as other officials attended the signing ceremony.
Published Date:2025-01-17
