Dec. 23 (Bloomberg) — Marubeni Corp. won priority negotiating rights to acquire stakes in Mongolian uranium mines, with plans to begin production by 2012, Nikkei English News reported, without saying where it got the information.
The trading house wants to acquire interests in the Dornod, Gurvanbulag and Mardai mines in northeastern Mongolia, the news service said. Officials expect to acquire the rights in 2009.
The move positions Marubeni closer to opening the first Japanese-owned uranium mining operation in that country, Nikkei said. Confirmed deposits total 62,000 tons, potentially supplying about seven years of consumption in Japan.
Source: Bloomberg
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