Agreements for uranium in Mongolia

Khan Resources' sovereign risk issues in Mongolia are nearing closure after an agreement with the state holding company for uranium mining.

A complex memorandum signed off yesterday should lead to the Dornod uranium development going ahead with the state involvement specified by law while still protecting the interests of Khan shareholders, said the company.

The Mongolian government unsettled a Khan and a number of other uranium enterprises with an unexpected change of legislation in July 2009.

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