The Cabinet Meeting of Mongolia held on June 3 2009 and resolved the following issues:
According to the resolution No 45 of the Government of Mongolia, Mon – Atom LLC, a state owned company, dealing with uranium explroration, development, exploitation and processing, was established on February 11 2009.
Today, foreign companies, with great interest in cooperating with the development of uranium projects and nuclear energy in Mongolia, are expressing their interests.
Just in last month, delegates from RosAtom of Russian Federation, Mitsui and Marubeni of Japan visited Mongolia and held negotiation with Mon-Atom LLC. But Mon-Atom LLC hasn’t got its own office and budget to continue for long.
Therefore, the Cabinet Meeting resolved to spare 100 million MNT to set up the new company.