Mongolia and India to commence uranium talks
The upcoming talks will be a formal discussion between the governments on exploring how Mongolia can export uranium that India requires for its nuclear power sector.
Mongolia and India to commence uranium talks. The upcoming talks will be a formal discussion between the governments on exploring how Mongolia can export uranium that India requires for its nuclear power sector. Indian authorities have said that they see Mongolia as a potential partner in not only the nuclear sector but overall economic cooperation, as evidenced by Prime Minister Modi’s visit in 2016. India has set a target of generating 63,000 MW of nuclear power by 2032; it currently generates less than 10,000 MW and needs steady imports of uranium. Geological indications reported in Mongolian Red Book suggest that the nation’s uranium resources could potentially be 1.39 million tons.
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