Areva, Mitsubishi strike Mongolia uranium deal

PARIS: French state-owned nuclear power group Areva and Japanese group Mitsubishi Corp have agreed terms for a Mongolia uranium partnership, Areva said on Monday.

Areva said it had invited Mitsubishi Corp to participate in the development of its uranium exploration assets in Mongolia, with the possibility of acquiring 34 percent of Areva Mongol over time.

Source:Nikkei of Japan