Erdenes Tavan Tolgoi (ETT), the state-owned company that holds the license to the deposit, has already begun evaluating bids and calculating the potential economic benefits of restarting it.

Developing the Jay pipe will help keeping the mine in production until 2033.

INTERACTIVE: Nuclear electricity output set to grow at fastest clip in over 20 years increasing annual uranium supply needs by more than 100 million pounds.

Chief Financial Officer Luciano Siani confirmed Tuesday the company's plans to sell a minority stake in its metals-producing unit.

Arctic region's vast riches set to attract over $100 billion in investments over the next decade.

The U.S. Nuclear Energy Institute and the National Mining Association (NMA) are demanding the Obama administration to revoke a ban on new uranium mining around the Grand Canyon in Arizona. And they are doing so by suing the U.S. Interior Department, as the organizations announced yesterday.