www.unuudur.com: The latest news of Mongolia in the World

Gobi Coal & Energy has announced its 100% stock acquisition of Zaraiya Holdings Ltd, which wholly owns an advanced in-situ leach uranium project in Mongolia, adjacent to AREVA. The acquisition is expected to complete in March and demonstrates Gobi Coal’s progress towards becoming a diversified multi-national energy resources company focused on high value projects. As [...]

Let’s for a second imagine a world without nuclear energy. That’s a tough one but let’s try. No nuclear bombs, of course, no Chernobyl and Fukushima, no worries about Iran and North Korea. A wonderful world, maybe?

With prices set to double by 2018, we’ve seen the bottom of the uranium market, and the negative sentiment that has followed this resource around despite strong fundamentals, is starting to change.

Mongolia is ready to deliver a $70 million payment to Toronto-listed uranium miner Khan Resources, a government source said, wrapping up a seven-year dispute that tarnished the country’s reputation as a hot mining destination.

Iron ore is on an insane run, copper’s dug itself out of January’s seven-year trough, tin and zinc are in bull markets, coking coal is heading for triple digits and crude’s holding onto 60% gains since February’s low despite the Doha disaster.

The nuclear face-off with North Korea is a major concern for Mongolia, and high on the agenda for discussions between National Security Advisor Ajit Doval and his Mongolian counterpart Enkhtuvshin Tsagaandari during the latter’s April 5-9 trip to India, a senior diplomat told The Hindu.

Mongolia has settled a dispute over an arbitration award that required it to pay more than $100 million last year to a Canadian miner for revoking a uranium mining license, just as it launches a push this week to attract new exploration interest.

A Canadian mining company wants the federal government to suspend millions of dollars in foreign aid to Mongolia until the Asian country pays for taking the firm’s uranium mine and giving it to the Russians.

Khan Resources Inc. (CSE:KRI) (“Khan” or “the Company”) announced today that it has filed its financial statements and management’s discussion and analysis for the three months ended December 31, 2015 on SEDAR and has posted these documents to its website www.khanresources.com.

French nuclear group Areva SA (EPA:AREVA) said Tuesday it won several long-term contracts in 2015 from four US utilities for uranium enrichment services worth more than $300 million.

Denison Mines Corp. (“Denison” or the “Company”) (DML.TO)(NYSE MKT:DNN) is pleased to announce the receipt of US$1,250,000 in initial payments from Uranium Industry a.s. (“Uranium Industry”), of the Czech Republic, and the closing of the sale of its interest in the Gurvan Saihan joint venture (“GSJV”), pursuant to an amended and restated share purchase agreement [...]

Denison Mines Corp. (“Denison” or the “Company”) (TSX:DML)(NYSE MKT:DNN) is pleased to announce the receipt of US$1,250,000 in initial payments from Uranium Industry a.s. (“Uranium Industry”), of the Czech Republic, and the closing of the sale of its interest in the Gurvan Saihan joint venture (“GSJV”), pursuant to an amended and restated share purchase agreement [...]

Czech company Uranium Industry is pushing to become a major player in uranium mining in Mongolia through its own research and mining projects and a pending US 200 million dollar buy-out of one of its Canadian rivals on the ground.

Concerned about running out of nuclear fuel, India is creating a strategic uranium reserve to ensure that its atomic reactors can keep producing electricity without interruption.

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) announces that it received on July 14, 2015 a one page notice from the Chief Clerk of the French Court of Appeal in Paris that the Government of Mongolia has initiated an attempt to annul the international arbitration Award rendered in Khan’s favour on March 2, 2015 [...]

The government of Mongolia will honour a $100 million arbitration payment to Canada’s Khan Resources (TSX:KRI), awarded by an international court in March, following the breakdown of talks and the recent death of the company’s chairman.

Khan Resources Inc., the Canadian mining company claiming $104 million from Mongolia for lost licenses, petitioned a U.S. court to weigh in on the protracted dispute.

Over the last few years, there has been an increase in arbitration cases in the resources sector arising from the direct expropriation of property and assets into state ownership as well as the indirect expropriation through regulatory and fiscal measures such as increased taxation or restrictions on imports and exports.

Газета Financial Times 15 мая опубликовала «неформальное» интервью с молодым монгольским премьер-министром Чимэдийном Сайханбилегом. За душистой бараниной глава кабинета пытался доказать, что Монголия рада западным инвестициям, и ее законы и порядки год от года всё больше благоприятствуют вложениям в горнорудный сектор. Вопрос «Ну а китайским инвестициям в Гоби?» вызывал весьма откровенный ответ: «Угроза китайской экспансии [...]

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) announces that it intends to raise approximately $2,000,000 in a non-brokered private placement by issuing approximately 5,000,000 common shares of the Company at a price of $0.40 per common share.

Prime Minister Narendra Modi has made a master move in deciding to undertake an official visit to Mongolia next week.

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) announces that it has posted on its website (www.khanresources.com) the Award on the Merits rendered in favour of Khan by the international arbitration tribunal on March 2, 2015. The Company has also posted on its website the Decision on Jurisdiction also rendered in favour of Khan by [...]

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) provides this third update in response to media reports concerning the possible intentions of the Government of Mongolia in respect of the recent arbitration award in Khan’s favour, in particular a possible intent to seek its annulment. The Company is not aware of any grounds that would [...]

Mongolia signaled on Monday it will not abide by an international tribunal’s order to pay more than $100 million to Canadian uranium explorer Khan Resources Inc.

Negotiations between the Mongolian government and Khan Resources Inc. to resolve a $104 million dispute have stalled, adding fresh uncertainty to a row that has dragged on for six years.

Mongolia’s justice ministry said it would seek to invalidate a $100m arbitration claim by Canada-listed Khan Resources, following the breakdown of talks and the death of the company’s chairman.

Amid the existing Western sanctions and recent attacks of some US media, regarding with Russian activities in the US uranium market, Russia plans to find alternative ways of uranium production during the next several years.

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) announces that, consistent with its preferred strategy of reaching an amicable settlement with the Government of Mongolia, a second series of meetings with representatives of the Government has now been completed. These meetings took place in Ulaanbaatar on April 21 and 22, 2015. The Company has repeated [...]

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) announced on March 2, 2015 that an international arbitration tribunal had rendered an award to Khan as compensation for the Government of Mongolia’s actions in relation to the cancellation of Khan’s uranium licenses in 2009. The award is now due from the Government of Mongolia and Monatom [...]

Khan Resources (TSE:KRI) Director Raffi Babikian sold 71,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of C$0.50, for a total value of C$35,500.00.