To Khan From Russia With Love

Dec. 03, 2009 06:40AM PST

Khan Resources has become a victim of Russia’s designs for dominance in the world’s uranium and nuclear markets. Canadian miners were reporting seemingly unwarranted licensing suspensions by the Mineral Resources Authority of Mongolia. One of those Canadian miners was Toronto-based Khan Resources [TSX: KRI], which holds a 58 per cent interest in the …

Khan Resources has become a victim of Russia’s designs for dominance in the world’s uranium and nuclear markets.

Canadian miners were reporting seemingly unwarranted licensing suspensions by the Mineral Resources Authority of Mongolia. One of those Canadian miners was Toronto-based Khan Resources [TSX: KRI], which holds a 58 per cent interest in the Dornod Uranium Property located along the Dornod uranium deposit in northeastern Mongolia. The remaining interest is held by Russian uranium producer Atomredmetzoloto JSC (ARMZ) subsidiary Priargunsky (21 per cent) and the Mongolian government (21 per cent).’