The international arbitration court will today begin hearing the complaint of Khan Resources Inc. against cancellation of its uranium mining license in Dornod aimag. The company is seeking USD200 million as compensation from the Government of Mongolia. The Government has named a French arbitrator while Khan Resources has nominated a former Ambassador of Canada to the UN.

Hogan Lovells International LLP is representing the Government, while the State Secretary of the Ministry of Justice and Internal Affairs, G.Bayasgalan, is head of a working group monitoring the case.