Russia has presented a concept for constructing a small modular reactor in Mongolia, during a session on the sidelines of the UN's COP28 climate change conference.

An agreement between Orano and Mongolian state-owned investment company Erdenes Mongol LLC sets out the framework for an investment agreement that will lay the foundations for a long-term relationship for the development and industrial operation of the Zuuvch-Ovoo uranium project in south-western Mongolia. The investment agreement is expected to be signed by the end of the year.

Energy ministers from across Central Asia today committed their countries to collaborating on meeting the United Nations' seventh Sustainable Development Goal, which pledges 'affordable and clean energy' by 2030. The meeting is the first time they have come together to discuss the region's common energy challenges.

Denison Mines will focus on its activities in Canada's Athabasca Basin in 2016, according to the company's end-of-year analysis. The company sold its Mongolian assets in December and hopes to spin out or sell its African portfolio when market conditions permit.

The Mongolian government has agreed to pay Khan Resources $70 million to end a dispute over its 2009 cancellation of the Canadian mining company's uranium licences. Mongolia had been seeking to overturn a ruling by an international arbitration tribunal that it must pay $100 million in compensation.

Denison Mines is to sell its interest in the Gurvan Saihan joint venture (GSJV) in Mongolia to Uranium Industry a.s. of the Czech Republic for $20 million.

Jim Doak, the president of uranium developer Khan Resources, passed away in his hotel room on 24 April, the company announced. The Canadian citizen was staying in Ulaanbataar for meetings with the Mongolian government.

The Mongolian government must pay Khan Resources $100 million in compensation for its 2009 cancellation of the company's uranium licences, an international arbitration tribunal has ruled.

French nuclear company Areva has signed an agreement to develop uranium mines in Mongolia and to set up a joint venture company with Mongolian state-owned company MonAtom, with Mitsubishi Corporation as an equity partner.