Areva and Mongolia

http://www.areva.com/EN/operations-586/areva-in-mongolia-a-strong-and-promising-presence.html

AREVA has been present in Mongolia since 1996. It is represented by AREVA Mongol, a 100% group-owned subsidiary. Since 2006, AREVA has been active in Mongolia, providing technical support collaboration for the exploration and mining of uranium.

Dulaan Uul, a promising zone of exploration

AREVA Mongol has 28 exploration licenses covering more than 14,100 kilometers.

Its activity is centered around the Gobi Desert and more specifically, the East Gobi Province, in the southeast of the country. This huge sedimentary basin contains the promising deposit of Dulann Uul ("hot mountain" in Mongolia), a site particularly well-suited to in-situ recovery (ISR)* mining technology.

Following exploratory probing with an eye toward future mining operations, a series of hydrogeological tests, essential for any ISR project, are underway, in preparation for an ISR test scheduled for 2010.
This vital phase marks the transition from exploration to development, the final phase prior to mining.

* In-situ recovery (ISR) – Mining method where the ore is dissolved by injecting chemical solutions through wells and then extracted by pumping.

Since its creation, the company has contributed to local development, regularly committing financial resources to actions in the following areas:

• Education
• Health
• Local access to water
• Agriculture

Some key dates

• October 2009: Signature of a cooperative accord with the Mongolian Nuclear Power Agency to conduct studies and train managers in the nuclear power sector.
• AREVA's shares in COGEGOBI are transferred to AREVA Mongol, which also acquires GOBIGEO's shares. AREVA Mongol now holds a 100% interest in COGEGOBI.
• May 2008: Birth of AREVA Mongol, a 100% AREVA group-owned subsidiary, headquartered in Ulaanbaatar, the capital.
• September 2007: Acquisition of East Asia Minerals Energy Company.
• May 2006: AREVA signs an agreement with the Mongolian Ministry of Commerce and Industry. It defines the scope of technical support collaboration in terms of uranium mining and exploration.
• 1997: COGEGOBI begins exploration in eastern Mongolia, in the Gobi province and the Dariganga region, and in the Dornod region in the north.
• 1996: creation of COGEGOBI joint venture, in which COGEMA (now AREVA NC) has a 70% interest and GOBIGEO (Mongolian exploration and drilling company) a 30% interest.

Contact

AREVA MONGOL
Managing Director
Diplomatic Building 95
Suite 45 Chingeltei District
P.O. Box 134 Ulaanbaatar 38
Mongolia
Tel.: +976 70 11 06 75
Tel.: +976 70 11 04 75

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http://www.areva.com/EN/news-8591/mongolia-cooperation-agreement-signed-between-france-and-mongolia.html

Mongolia - Cooperation Agreement signed between France and Mongolia

News brief

ACTIVITIES / MINING

November 02, 2010

An Intergovernmental Cooperation Agreement in the nuclear energy sector was signed between France and Mongolia at Oulan Bator on 14 October by the Mongolian Minister of Foreign Affairs and Trade, Mr Zandanshatar, and the French Secretary of State for Foreign Trade, Mrs Anne- Marie Idrac.

It defines, among other things, a clear and solid framework for AREVA to explore and mine uranium in Mongolia. The signature was witnessed by an important Mongolian delegation from the Ministry of Foreign Affairs and Trade and by representatives of the Mongolian Nuclear Energy Agency. The officials included the Ambassador, the Senator of L'Oise and AREVA representatives counting Sébastien de Montessus, Director of the Mining Business Group, and Eric de Sèze, General Manager of AREVA Mongol, accompanied by Konrad Schauer, Director of the Central Asia Platform, and Patrick Bouisset, Geoscience Director of the Mining BG.

Mrs Idrac emphasized that "The most important is that Mongolia considers us as its 'third neighbouring country', which is why we are very happy to collaborate in the nuclear energy field". According to Mr Zandanshatar "this Intergovernmental Cooperation Agreement in the nuclear energy sector opens up possibilities for cooperation between our two countries in other fields".

"Signing this bilateral agreement represents the foundation of our long-term activity in Mongolia, opening the way with the other agreements to come that will govern future joint operations with our Mongolian and Japanese partners", specified Eric de Sèze.


AREVA has been present in Mongolia since 1997 and is represented locally by two subsidiary companies: AREVA Mongol, a 100% subsidiary of the Group, and Cogegobi, a 100% operational subsidiary of AREVA Mongol. Since 2006, AREVA has been operating in Mongolia as part of a Technical Assistance Cooperation programme for the exploration and mining of uranium.

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