Russian and Mongolian state-owned firms have formed a joint venture to exploit the Dornod uranium deposit, in a setback for a Canadian mining firm licensed to develop the area.
The move comes after Mongolia's legislature in July passed a Nuclear Energy law that gave the state greater ownership over uranium deposits, especially those deemed strategic.
Digging for buried treasure in the Gobi Desert sounds like the opening scene of an Indiana Jones film. For Austrian-born Michael Eisenriegler, it was a real-life adventure.
The 40-year-old amateur archaeologist was in the Gobi over the weekend, helping to unearth Buddhist relics that had been buried for more than seven decades in a remote part of Mongolia.
Less than an hour of
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