Deal #5173

Mongolia
Created at
2016-08-24
Last update
2021-09-22
Last full update
2021-09-22

Land area

Intended size
32 014 ha
Size under contract (leased or purchased area)
  • [current] 32014.0 ha
Size in operation (production)
  • [current] 32014.0 ha

Intention of investment

Intention of investment
  • [current] Mining
Comment on intention of investment
Uranium mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2016, current] Concluded (Contract signed)
Comment on negotiation status
Coge Gobi LLC Badrakh Energy LLC houses the mining licenses awarded in July 2016 for the Dulaan Uul and Zuuvch Ovoo deposits in the Sainshand basin, discovered by Orano. A pilot plant was built in 2018 to confirm and optimize the technical and economic characteristics of a future operation. All administrative formalities were completed in 2019 with a view to obtaining the permit authorizing the launch of the pilot plant

Implementation status

Implementation status
  • [2019, current] Startup phase (no production)

Leasing fees

Annual leasing fee
829.2
$
for specified area

Contract farming

Contract farming
No