Janice R. Andrews
French nuclear firm Orano SA is advancing plans for Mongolia’s Zuuvch Ovoo uranium mine, with production potentially starting by 2030. The multi-billion dollar project, long delayed, may soon gain traction following an investment agreement signing. Olivier Thoumyre, Orano’s Mongolia representative, estimates a five-year construction period post-deal finalization.
Mongolia’s parliament is set to vote on confirming the project this session. If approved, Zuuvch Ovoo could become Mongolia’s most significant mining venture since Rio Tinto’s Oyu Tolgoi copper-gold operation.
Global uranium demand is increasing, driven by China’s nuclear expansion and worldwide efforts to reduce emissions. Success at Zuuvch Ovoo could establish Mongolia as a key uranium producer.
The reappointment of Prime Minister Oyun-Erdene Luvsannamsrai has bolstered confidence in ongoing Orano-Mongolia negotiations. Thoumyre confirmed that despite delays, discussions over project terms have continued.
Orano, previously known as Areva SA, began its partnership with Mongolia’s Mon-Atom over a decade ago to develop Zuuvch Ovoo, marking a long-term commitment to realizing Mongolia’s uranium potential.
