Orano, a French nuclear firm, sealed a $1.6 billion uranium deal with Mongolia, boosting France's nuclear energy supply.

French nuclear firm Orano signed a $1.6 billion deal with Mongolia to exploit a massive uranium deposit. The Zuuvch-Ovoo deposit, one of the world's largest, could produce 2,500 tonnes of uranium yearly, meeting about a quarter of France's nuclear energy needs. The project aims to start production in 2027, enhancing France's energy independence and positioning Mongolia as a key player in the global uranium market.

2 months ago
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