Published by Global Banking & Finance Review®
Posted on December 27, 2024
1 min readLast updated: January 27, 2026
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Mongolia retracts its announcement of a $1.6 billion uranium deal with Orano, clarifying that a draft agreement is under parliamentary review.
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)
The main topic is Mongolia's retraction of an announcement regarding a uranium project deal with France's Orano Mining Group.
The announcement was retracted because the deal was not finalized; a draft agreement was submitted to the Mongolian parliament for discussion.
Orano Mining Group is a French company involved in mining activities, including uranium extraction.
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