Orano in Mongolia

Orano Mining has been present in Mongolia for over 25 years. The company has been successful with its exploration activities, discovering and registering important uranium resources. Orano’s subsidiary in Mongolia has obtained three mining licenses and successfully operated two pilot tests.

Today, Orano and its partner Mon-Atom, a Mongolian state-owned company, is working with the Mongolian Government to develop a mutually beneficial Investment Agreement to guarantee the sustainable future of the Zuuvch Ovoo project, which is expected to last for more than 30 years.

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In Mongolia, Orano has been carrying out exploration in the Gobi Desert since 1997.

In 2015, Badrakh Energy, the joint venture between Orano* (66% ) and the Mongolian public company Mon-Atom (34%), was granted 3 mining licenses for the Dulaan Uul/Umnut and Zuuvch Ovoo deposits in the Dornogobi province.

*Via its subsidiary AREVA Mongol

Mining licences held by Badrakh Energy - Mongolia's country sheet

Oct 22, 2018, 11:30 AM

Number : 3

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Description : This is the number of Mining licences held by Badrakh Energy, Orano’s subsidiary in Mongolia

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Short description : This is the number of Mining licences held by Badrakh Energy, Orano’s subsidiary in Mongolia

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This is the number of Mining licences held by Badrakh Energy, Orano’s subsidiary in Mongolia

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FROM EXPLORATION TO MINING PROJECT

As a result of its exploration work, Orano’s subsidiary discovered the Dulaan Uul deposit in 2002 and the world-class Zuuvch Ovoo deposit in 2010, significantly increasing Mongolia’s overall uranium resources and putting it 12^th in the world in terms of countries with the most uranium reserves.

Since these results were obtained, Orano has been working alongside its partner to make Badrakh Energy, the company responsible for the scope of uranium production, operational in line with the Shareholders’ Agreement signed in October 2013.

Today, the Badrakh Energy project is at the most advanced stage of the uranium mining development process in Mongolia.
From July 2021 to December 2022, Badrakh Energy conducted an on-site pilot test for uranium extraction from the Zuuvch Ovoo deposit by the ISR (in-situ recovery) mining method.

Badrakh Energy produced 10 metric tons of natural uranium concentrate and confirmed that the ISR mining method applied at Zuuvch Ovoo is safe both for people and the environment.

During the pilot operations, the Cooperation Agreement with local communities and associated governance were successfully implemented. 22 social development projects with a total budget of near 2 billions MNT have received support from the company.

Over the life of the mine that is forecast to last 30 years, the Zuuvch-Ovoo project has the potential to bring the following benefits to Mongolia:

1.6 Bn USD of direct investment over the life time of the project
1 Bn USD in tax income at national and local level

As a responsible miner, Orano is committed to developing the first uranium mine in Mongolia in line with the highest standards in terms of health, safety and the environment, as well as social responsibility.

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Contact

Contact Presse

COGEGOBI, BADRAKH ENERGY
+ (976) 11-320698, 70110475
byambadolgor.luvsanjamts@orano.group