CANADIAN URANIUM COMPANY PUSHES FORWARD WITH MONGOLIA LEGAL ACTION OVER THWARTED URANIUM AMBITIONS
June 1st, 2010
BY KEITH NUTHALL and MARK GODFREY
A CANADIAN company seeking to develop Mongolia's largest uranium deposit is pushing ahead with legal action against the country's government, which it accuses of illegally expropriating its mining licences. Accusations of favourtism towards Russia have soured relations between the Mongolian government and Toronto-based mining firm Khan Resources. It has retained Washington DC law firm Crowell & Moring to commence international arbitration proceedings with the Mongolian government. Khan claims Russian pressure is behind the ...
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