Orano gets go-ahead from Mongolia for $1.6 billion uranium mine
Orano and Mongolia’s state-owned MonAtom Group will together develop deposits holding an estimated 90,000 tons of uranium.
Other bidders, including Kalahari’s long-term suitor, Rio Tinto, may balk at the prospect of a bidding war with China despite the opportunity of gaining access to one of the world’s largest uranium deposits.
