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(last updated 29 Dec 2011)
In Mongolia, uranium prospection and exploration is being performed by Jindal Steel & Power Ltd 
,
Denison Mines Corp., Pitchblack Resources Ltd. ,
Mega Uranium Ltd.,
UGL Enterprises Ltd. , Western Prospector Group Ltd.,
Erdene Gold Inc. ,
Red Hill Energy Inc. ,
Khan Resources Inc.,
Marubeni Corp. ,
Century City International Holdings Ltd ,
Chain Bright LLC ,
Solomon Resources Ltd ,
Tooroibandi Limited,
Uranium 308 Corp. ,
Peabody Energy Corporation ,
Renova ,
Garrison International Ltd
, Khuder River , and Gal Undesten - started to converge on Sukhbaatar Square since April 19th with 100 horsemen and horse carts and erected eight gers (yurts) there. Most of them are herders, who have come on horseback from countryside to demand stopping of mining activities that destroys their pastureland.
to participate in the development of its uranium exploration assets in Mongolia with the possibility of acquiring 34% of Areva Mongol over time. Areva currently holds 36 uranium exploration licenses on more than 14,000 km2 in both the Dornogobi and Sukhbaatar provinces.
Underground heap leach tests start at Dulaan Uul uranium deposit in Mongolia: December 1 saw uranium being mined in Mongolia for the first time in two decades, when Kojegobi LLC, the Mongolian subsidiary of the Areva Group of France, the largest uranium company in the world, started testing underground heap leach uranium technology in its Dulaan Uul Project in Dornogobi province. (Mongolia Web News Dec. 10, 2010)
Areva investigates feasibility of Dulaan Uul uranium deposit: Areva plans to open its first Mongolian mine at Dulaan Uul, if the current production tests provide convincing results. Mitsubishi Corporation holds an option to acquire 34% of the license owner Areva Mongol. (Le Monde Aug. 31, 2010)
On July 15, 2009, Western Prospector Group Ltd. reported that it has received notice from the Mineral Resources Authority of Mongolia stating that all of Western's uranium exploration licenses have been suspended for three months due to purported violations of various laws of Mongolia.
CNNC International Ltd, formerly known as United Metals Holdings Ltd, announced on Apr. 15, 2009, that it had decided to acquire Canada-based Western Prospector for about HK$198 million. (China Knowledge Apr. 15, 2009)
On April 14, 2009, Western Prospector Group Ltd. reported that it has received notice from the Mineral Resources Authority of Mongolia ("MRAM") stating that Western's exploration licenses 7685X and 4969X, which are the primary licenses for Western's Gurvanbulag deposit, have been suspended for three months due to violations cited by inspectors from Mongolia's Atomic Energy Agency.
On Mar. 25, 2009, Western Prospector Group Ltd, Mongolia-focused uranium miner, said it agreed to be bought by a unit of Hong Kong-based CNNC International Ltd (Reuters March 25, 2009)
On Jan. 9, 2009, Western Prospector Group Ltd. announced the results of the Gurvanbulag Definitive Feasibility Study. At an assumed selling price of US$ 65.00 per lb U3O8, the mine would only just be feasible. At the current spot market price of US$ 53 per lb U3O8, however, the mine would not be feasible.
> Calculate Mine Feasibility
On Dec. 9, 2008, Western Prospector Group Ltd. announced that it has filed its Environmental Impact Assessment (EIA) for its Gurvanbulag project with the Mongolian Ministry of Nature and the Environment. The EIA was prepared by environmental consultants EcoTrade LLC, an environmental consulting firm based in Ulaanbaatar, Mongolia.
On Nov. 30, 2007, Western Prospector Group Ltd. announced that it has received a positive Preliminary Economic Assessment pertaining to its 100% owned Gurvanbulag uranium deposit located in Mongolia.
Khan Resources commences international arbitration against the Government of Mongolia: On Jan. 10, 2011, Khan Resources Inc. announced that it has formally commenced an international arbitration action against the Government of Mongolia for its expropriatory and unlawful treatment of Khan in relation to the Dornod uranium deposit located in northeastern Mongolia. The Nuclear Energy Agency of Mongolia announced in November 2010 that it would not reinstate the licenses that the Company holds on the Dornod uranium property, but which the Government illegally cancelled so that it could pursue the project without Khan.
Russia and Mongolia signed an agreement on the principals of creating a joint venture to develop the central Asian country's biggest untapped uranium field, the Dornod resource.
The agreement was signed in Moscow today by Rosatom Corp., Russia's nuclear power company, Russia's government-run ARMZ Uranium Holding, Mongolia's state-owned KOO MonAtom and the country's nuclear agency.
(Bloomberg Dec. 14, 2010)
Russia has ratified an agreement with Mongolia to set up a joint uranium mining company, Dordon [?] Uran, the Kremlin said on Thursday (Jan. 6).
(RIA Novosti Jan. 6, 2011)
On Nov. 12, 2010, Khan Resources Inc. announced that the Mongolian Nuclear Energy Agency has published a notice in certain Mongolian newspapers that it does not intend to reinstate Khan's exploration license 9282X and mining license 237A held through its subsidiaries Khan Resources LLC and Central Asian Uranium Company, LLC, respectively.
Khan Resources sues Atomredmetzoloto for interferences in Mongolia uranium projects:
Khan Resources Inc has sued Russia's state-owned uranium miner Atomredmetzoloto (ARMZ) in the Ontario Superior Court seeking C$300 million in damages for alleged unlawful interferences in the Canadian explorer's Mongolian operations.
In a statement, Khan alleged that ARMZ and its affiliates interfered in the joint venture between Khan and MonAtom LLC -- Mongolia's state-owned entity -- and sought to eliminate Khan's mining and exploration licenses in the country, to help ARMZ proceed with its own joint venture with the Mongolian firm.
Khan has been facing problems from Mongolian authorities with regard to its flagship Dornod uranium project in the country.
"ARMZ has made no secret of its desire to acquire control of the Dornod uranium property in Mongolia," Khan's Chief Executive Grant Edey said in the statement.
(Reuters Aug. 20, 2010)
Russia seeks uranium mining joint venture with Mongolia on Dornod Uran: The Russian government has introduced into the lower house of the Russian Parliament, the State Duma, an intergovernmental agreement with Mongolia on setting up a joint uranium mining company with limited liability Dordon Uran. The agreement was signed by head of the Russian state corporation Rosatom Sergei Kirienko and head of the Atomic Energy Authority of Mongolia Sodnomyn Enkhbat on August 25, 2009 in Ulan Bator. The product output of the Russian-Mongolian uranium mining joint venture is planned at 2,000 tons per year. The equality founders of the mining venture are Atomredmetzoloto (ARMZ) on the Russian side and MonAtom LLC on the Mongolian side. (RIA Novosti Aug. 14, 2010)
On July 19, 2010, Khan Resources Inc. announced that the Mongolian Capital City Administrative Court has ruled in favour of its 58%-owned joint venture subsidiary, Central Asian Uranium Company, LLC ("CAUC"), and declared that the previous purported decision by the Mongolian Nuclear Energy Agency to invalidate CAUC's mining license 237A is itself invalid and illegal.
On April 13, 2010, Khan Resources Inc. announced that its 58%-owned Mongolian joint venture subsidiary, Central Asian Uranium Company, LLC ("CAUC") and its 100%-owned Mongolian subsidiary, Khan Resources LLC have received notice from the Mongolian Nuclear Energy Agency stating that CAUC's mining license 237A and Khan Mongolia's exploration license 9282X have been invalidated. The invalidations purport to be effective as of October 8, 2009 and purport to be based on a failure by CAUC and Khan to address violations of Mongolian law stemming from a July 2009 report issued by an inspection team appointed by the Mongolian State Specialized Inspection Agency in respect of the Mining License.
Nuclear Energy Authority (NEA) on January 29 announced that a memorandum of mutual understanding signed by Canadian Khan Resources and Mongolian state-owned nuclear resource development company MonAtom LLC is not "legally capable".
The memorandum, which NEA considers as "invalid", was signed on January 25 to establish settlements of a joint venture transaction which would finalize the ownership structure surrounding the Dornod uranium project.
(UB Post Feb. 2, 2010)
On Jan. 14, 2010, Khan Resources Inc. announced that it was informed by the legal counsel in Mongolia representing the joint venture company Central Asia Uranium Corporation Limited ("CAUC"), that a settlement has been reached with the Mineral Resources Authority of Mongolia whereby the suspension of CAUC's mining license 237A has been terminated.
On Aug. 25, 2009, Russia and Mongolia agreed to launch a uranium mining venture of State-owned firms from both countries to develop the Dornod uranium field in Mongolia's northeast. The 28,000 tonnes of reserves there could potentially be doubled with more exploration, Russia's state nuclear company said. Canadian-listed Khan Resources still owns a 58 percent interest in the mining license to the Dornod deposit, president and CEO Martin Quick told Reuters from Ulan Bator. (Reuters Aug. 25, 2009)
On July 15, 2009, Khan Resources Inc. announced that it was informed by the Mineral Resources Authority of Mongolia ("MRAM") that the mining license 237A of the joint venture company Central Asia Uranium Corporation, Limited, which is one of the two primary licenses for Khan's Dornod uranium deposit, has been temporarily suspended for three months due to alleged violations cited by inspectors from Mongolia's State Inspection Agency on their visit to the Dornod site in mid April, 2009.
On Dec. 4, 2008, Khan Resources Inc. announced that it has signed a Letter of Intent (LOI) with Marubeni Corporation of Japan relating to uranium exploration and mining in Mongolia. The Energy Division of Marubeni is interested in working with Khan on the Mongolian Dornod uranium project.
On Aug. 15, 2007 Khan Resources Inc. announced that it has completed a Pre-Feasibility Study for its Dornod Uranium Project in north eastern Mongolia. The study assumes a uranium price of US$55 per lb U3O8, and a through-put of 3,500 tonnes per day over a 15.5 year mine life, which will give an average annual production rate of 2.9 million lbs U3O8 [1115 t U], at a cost of US$19.99 per lb U3O8 or US$49.21 per tonne of ore. The capital cost of the project is projected to be approximately US$283 million.
The Dornod project implementation schedule is conservatively estimated to be approximately 45 months from the start of the Feasibility Study to the start of plant production. The Feasibility Study is expected to commence in the Fall of 2007, ahead of the negotiations for an Investment Agreement with the Government of Mongolia.
"Mining has commenced at the Dornod uranium mine in Mongolia. The first heap leach pad has been constructed, additional mining equipment is being procured and the leach plant is being fabricated. Plans are progressing for the reopening of the underground mine. Production of yellowcake is projected for mid-1998, initially at an annualized rate of 800,000 pounds of U3O8 per year, rising to at least 2.6 million pounds of U3O8 per year when the underground is in full operation in 1999-2000." (World Wide Minerals, Jan. 7, 1998)
"World Wide Minerals Ltd. announced today that, pending the resolution of the Kazakhstan Government's obligations to WWS and a general strengthening of uranium prices, the Management Committee of Central Asian Uranium Company, Ltd. ("CAUC") has decided to place the Dornod Uranium Project on standby." (World Wide Minerals, Aug. 7, 1998)
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