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Home > Finance > Mongolia retracts announcement of uranium project deal with France's Orano

Finance

Mongolia retracts announcement of uranium project deal with France's Orano

Published by Global Banking and Finance Review

Posted on December 27, 2024

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BEIJING (Reuters) - Mongolia has not agreed to a deal with French miner Orano Mining Group on a proposed uranium project, the government said on Friday, retracting an announcement made about 20 minutes earlier that a $1.6 billion deal had been reached.

The Mongolian government later said that a draft agreement with Orano was submitted to parliament for preliminary discussion.

(Reporting by Beijing Newsroom; Editing by Jason Neely and David Goodman)

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