“Khan Resource’’ signed an agreement with Marubeni, a Japanese corporation, in developing and cooperating on the uranium deposits of Mongolia.
Energy division of Marubeni Corp. has rich experience in investing in oil, gas and uranium industry and it is interested in cooperation with Khan Resource in the east Mongolia, namely Dornod aimag. It was the open pit mine, exploited by Russians. Martin Quick, President and executive director of Khan Resources, is happy that Marubeni is interested in Dornod projects and he doesn’t hesitate that the Japanese investors will bring very positive impact in the Mongolian mining investment environment.
As for uranium program in Dornod, he said that Khan Resource is in position to get through the world economy recession with enough investment and cash flow in next two years.
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