The
Russian Government has placed before the lower house of the Russian Parliament,
the State Duma, an intergovernmental agreement with Mongolia on setting up
joint uranium mining company with limited liability Dordon Uran. The agreement
was signed by the head of the Russian State corporation, Rosatom, Sergei
Kirienko and the head of the Atomic Energy Authority of Mongolia, S. Enkhbat on
August 25, 2009 in Ulaanbaatar.

Mongolia
has never sealed deals in uranium with other countries. The product output of
the Russian-Mongolian uranium mining joint venture is planned at 2,000 tons per
year. The equality founders of mining venture are Atomredmetzoloto (ARMZ) on
the Russian side and MonAtom LLC on the Mongolian side.