French and Mongolian companies to develop uranium mines in Mongolia, where 66% to be owned by Areva and 34% by Mon-Atom
At the invitation of the Minister for Foreign Affairs of Mongolia L.Bold
, the Foreign Minister of the French Republic Laurent Fabius
has conducted an official visit to Mongolia on October 25-26, 2013. The visit was distinct as the first visit at the Foreign Ministerial level since the establishment of diplomatic relations
and the French Republic in 1965.
In the frames of the visit, the two Foreign Ministers held official meetings and French Minister was also received by the President and Prime Minister
of Mongolia respectively.
Following the official meeting, Mongolia and France signed on several documents such as a joint statement, an agreement on exemption from visa requirement
for diplomatic passport holders, Memorandum of Understandings on cooperation in the agricultural and archeological sectors, and a cooperation contract between the Mongolian Notary Chamber and the High Council of French Notariat.
On the first day of his visit, French Minister L.Fabius got familiarized with the “Khishigten" Nuudelchin Group’s cattle farm in Arkhust Sum of Tuv Aimag
, also met with Mongolian and French specialists engaged in the agricultural sector
and attended an opening ceremony for French School in Ulaanbaatar
On the following day during his meeting with the President Ts.Elbegdorj
, Minister L.Fabius exchanged views to deepen bilateral relations in cultural and agricultural spheres and mentioned that Mongolia’s Minister of Culture, Sports and Tourism is to pay an official visit to France soon, and it is under discussion to organize Mongolia’s cultural exhibition in the Louvre Museum in Paris, he also noted the 150 French Montbeliarde Breed dairy cattle
were successfully breeding and acclimatizing. Moreover, Minister L.Fabius re-affirmed the French President Francois Hollande
’s official invitation to visit France in January 2014.
In the meeting with Prime Minister N.Altanhuyag
, who concluded his visit to China
earlier on the same day, Foreign Minister L.Fabius supported Premier’s initiation to strengthen partnership in the energy, agriculture, and infrastructure sectors, moreover expressed his interest to collaborate in the telecommunication sphere of aeronautics and launching satellites
In the Joint Statement made by the two Foreign Ministers, it was announced that an agreement was signed between Areva Mongol LLC and Mon-Atom state-owned company
to develop uranium mines in Mongolia and to create the company Areva Mines LLC, 66% owned by Areva and 34% owned by Mon-Atom. Moreover, an agreement for Mitsubishi Corporation
(owns 34% of Areva Mongol LLC) to take an equity interest had also been signed.
President and CEO of Areva, Luc Oursel commented, “This collaboration, which also involves our partner Mitsubishi Corporation, is strategic on two levels. It will enable us to develop the uranium sector in Mongolia
and to pursue the geographic diversification of Areva’s mining activities
In addition, GDF Suez signed
a Memorandum of Understanding with Mongolia’s Newcom to develop renewable energy projects in Mongolia. The project is aimed to generate power from the country’s renewable energy resources
and demonstrates GDF Suez’s recognized know-how and expertise in renewable projects.
The visit of the French Foreign Minister to Mongolia had great significance for the deepening of mutual understanding and trust between Mongolia and France, for enriching bilateral relations with economic dimension and for consolidating the legal grounds of bilateral ties. It confirmed mutual aspiration to expand bilateral friendly relations and cooperation in the political, economic, cultural, educational and humanitarian areas and bring the Mongolia-France cooperation
up to a new level of comprehensive partnership.