Present in Mongolia since 1996, the group is represented by three companies which exercise their activities in compliance with the Law on Mineral Resources and on Nuclear Energy of Mongolia.
Photo from right to left - J. Kinukawa (VP, Mitsubishi Corporation), D. Tsogtbaatar (Chairman, State Property Committee), J. Bilegsaikhan (CEO, Mon-Atom LLC), K. Kobayashi (President, Mitsubishi Corporation), N. Tegshbayar (Chairman, NEA), L. Oursel (former President and CEO, AREVA), O. Wantz, (Member of the AREVA Executive Board, Senior Executive VP Mining), P. Chaix (Nuclear Energy Direction of CEA – French Atomic Energy Commission and Alternative Energy), Th. Plaisant (General Director, AREVA Mongol and COGEGOBI)
AREVA Mongol LLC, the parent company
In 2007, AREVA bought the East Asia Minerals Energy company, which was renamed AREVA Mongol in March 2008. AREVA Mongol is in charge of business development and all aspects of cooperation with national and local authorities. Its headquarter is located in Ulaanbaatar.
In December 2009, AREVA signed an agreement with Mitsubishi Corporation (MC) concerning Mitshubishi's financial participation in uranium exploration in Mongolia, giving the company the option of acquiring a 34 % interest in AREVA Mongol.
In November 2011, MC exercised this option to acquire an equity interest in AREVA Mongol, becoming a financial partner in the project. Mitsubishi’s entry was validated by the Government of Mongolia in September 2013 and took place in November 2013.
COGEGOBI LLC for exploration
The exploration activities began in 1996 with the creation of a dedicated joint-venture COGEGOBI LLC, 70% owned by AREVA and 30% by GOBIGEO LLC, an exploration and drilling company also active in coal and in fluorite production in Mongolia.
COGEGOBI LLC was established to carry out geological and exploration work with a view to identifying prospective areas of uranium concentration, in accordance with the Laws on Mineral Resources and on Nuclear Energy adopted by the Mongolian parliament.
Since 2009, COGEGOBI has been fully owned by AREVA Mongol LLC.
AREVA Mines LLC for mining
AREVA Mines LLC is the joint company between AREVA Mongol (66%) and MON-ATOM (34%), that will be dedicated to mining activities according to licenses granted by the Mongolian state administrative authority in charge of geological and mining issues.
Mon-Atom was designated by the State Property Committee as the Mongolian State-owned company to be the partner in AREVA Mines LLC.
All 3 companies (AREVA Mongol, COGEGOBI and AREVA Mines) exercise their activities in compliance with Mongolian regulations especially the Law on Mineral Resources and on Nuclear Energy, under the authority of the Ministry of Mining and Heavy Industry, and Environmental Law under the supervision and control of the Ministry of Environment and Tourism and the General Agency of Professional Inspection of Mongolia.