Armz Defeats Khan In Battle for Dornod

摘要

The battle for Dornod, Mongolia's largest uranium project, is over, and Russia's Atomredmetzoloto (Armz) looks to have won. Khan Resources, the beleaguered Canadian junior that has for the past year fought to keep its majority stake in the company developing the 63.4 million pound deposit, last week informed investors that Mongolian authorities had revoked its mining and exploration licenses.