Mongolia inked $1.6B uranium deal with Orano on January 17, 2025, reshaping resource governance. Promises jobs, revenues, and a shift in global uranium dynamics.
Mongolia and French uranium giant Orano Mining have signed a $1.6 billion agreement to develop the Zuuvch-Ovoo uranium deposit in the Gobi Desert. The deal, hailed as a milestone in Mongolia’s resource governance, promises significant economic gains while testing the country’s ability to balance economic ambition, geopolitical strategy, and public accountability.