The French – Mongolian Uranium Mining Deal: Boom or Bust?

Mongolia boasts an incredibly rich array of natural resources, from copper to coal, to rare earth metals. Although the country also contains rich and accessible uranium deposits, the mineral has not been mined in Mongolia since the 1990s, after the last Russian uranium mine closed. Though companies like the Canadian-owned Khan Resources have attempted to restart production since, none have managed yet to overcome the political, environmental and legal hurdles that inevitably arise when mining in Mongolia. In October 2023, the French nuclear company Orano signed a deal to mine uranium in Mongolia after concerns about France’s nuclear supply arose due to instability in western Africa, where it historically sourced most of its uranium. Many questions remain, as to whether the project will succeed unlike previously failed attempts to mine the element in the country, and as to how the mineral will leave Mongolia, which is landlocked and enveloped by China and Russia.

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Mongolia’s ‘New Revival Policy’: What Opportunities does it Present for the EU?

The end of 2021 saw Mongolia’s State Great Khural (parliament) ratify the ‘New Revival’ policy. As the COVID-19 pandemic led to Mongolia’s largest economic contraction since 1990 (-5.3%), the policy aims to ensure political and macroeconomic stability, accelerate public-private partnerships, create a favourable business environment, further open up the state to foreign and domestic investment, and implement fiscal reforms.

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In-person EIAS Book Launch “Mongolia: Cracks in the Eternal Blue Sky” on 13.04.2022

How potentially rich Mongolia is held back by political mischief and corruption. Can the EU (and GSP+) be of any help? The European Institute for Asian Studies is delighted to invite you to the book launch we are organising in cooperation with Erik Versavel to present his book ‘Mongolia: Cracks in the Eternal Blue Sky‘. The book launch will be an in-person event hosted at the EIAS premises on Wednesday 13 April 2022 from 16:30 to 18:00. The event will include an interactive Q&A session between the panellists and the audience and will be followed by a networking reception.

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