AREVA in Mongolia
Since 1996, AREVA Mongol via its exploration subsidiary COGEGOBI has been present in Mongolia. It has first discovered in 2011 the Dulaan Uul uranium deposit with 6,260 tons of resources, and then the Zuuvch Ovoo deposit with an estimated 54,640 tons of resources officially registered in 2013 as a strategic resource by the Professional Mineral Resources Council of Mongolia. As a result, Mongolia now ranks among the top thirteen countries in the world in terms of uranium resources.
Mongolia’s energy policy
Mining development in Mongolia has been on the rise since 2000, contributing to the country’s strong economic growth. Mongolia has made uranium a central component of its strategy and policy. The Nuclear Energy Law adopted in the summer of 2009 lays the groundwork for this new approach.
Uranium – an important natural resource for Mongolia
Discover how uranium, along with other underground resources, will provide Mongolia export opportunities and support the country’s economic development.
Zuuvch Ovoo & Dulaan Uul – world-class uranium deposits
COGEGOBI discovered the Zuuvch Ovoo uranium deposit, which was officially registered by the Professional Council of Mineral Resources of Mongolia in 2013.
The registration of this deposit, estimated to contain 54,640 metric tons, follows that of the Dulaan Uul deposit in 2011, which has 6,260 metric tons of resources.
As a result, Mongolia now ranks among the top 13 countries in the world in terms of uranium resources.
Activities in Mongolia
Since 1996, AREVA Mongol, through COGEGOBI, has been carrying out geological and exploration work in the Dornogobi and Sukhbaatar provinces, in southeastern Mongolia. This work is being carried out in accordance with the Laws on Mineral Resources and on Nuclear Energy, adopted by the Mongolian parliament, and in compliance with the strictest safety, security and environmental standards.
Today, COGEGOBI holds 14 exploration licenses covering a total of more than 400'782 ha in the vast sedimentary basin of the Gobi desert:
- 3 licenses in the Sainshand basin
- 11 licenses in the Dariganga basin
The Dulaan Uul and Zuuvch Ovoo uranium deposits discovered in Dornogobi province are classified by Mongolian government as strategic.
On February 2015, the Feasability study for mining using the ISR technology and processing the ore from the two deposits (Dulaan Uul and Zuuvch Ovoo) was officially accepted by the Professional Council of the Mineral Resources Authority.
The company is also testing new exploration targets at Dariganga.