MONGOLIA ACCUSED OF FAVOURTISM TO RUSSIANS OVER URANIUM EXTRACTION
April 1st, 2010
BY MARK GODFREY and KEITH NUTHALL
ACCUSATIONS of favourtism towards Russia have soured relations between the Mongolian government and the Canadian developers of the country's largest uranium deposit. An ongoing spat between Toronto-based mining firm Khan Resources and the Mongolia Nuclear Energy Agency (NEA) is headed to the courts, with Khan claiming Russian pressure is behind the agency invalidating the firm's licence for the Dornod mine, Mongolia's largest uranium deposit. Russian experts calculate Mongolia's uranium reserves at 150,000 tonnes.
Khan's ...
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