ARMZ surprised by Khan statement on Mongolian uranium memorandum

摘要

Russian uranium miner Atomredmetzoloto (ARMZ) said a statement by Khan Resources regarding a non-binding memorandum the Canadian company signed with Mongolia's MonAtom to bypass the Russian company and form a new joint venture to develop the Dornod uranium field took it by surprise. Khan Resources said in a press release that it aimed to "protect and preserve value for shareholders in light of the Mongolian Nuclear Energy Law, the status of Khan's mining and exploration licenses in the country and the hostile bid by Atomredmetzoloto" by signing the memorandum on January 25.