Russia, Mongolia Sign Joint Venture Accord on Uranium Deposit

Bloomberg.com reports Mongolia and Russia sign a joint venture agreement on the Dornod resource – a huge untapped uranium field.

The market news is quoted as saying:

Development of some of the world’s largest untapped mineral resources has been delayed in Mongolia by political infighting and a lack of funds. The nation plans to set up companies to manage the resources and may sell shares to global investors, Prime Minister Sukhbaatar Batbold said in February.

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