| Khan Resources takes Mongolia to court |
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Source: Undesnii Shuudan Date: 21 September, 2011 A legal complaint filed by Khan Resources will take both the firm and the Mongolian Nuclear Energy Agency to an international court.The Canadian-based company filed a complaint to the International Arbitrage Court after the Atomic Energy Agency revoked its exploration license for uranium at its Dornod uranium property. The company is demanding USD 200 million from the Mongolian government in compensation.The trail will be held in Paris on 18 September,” said G. Bayasgalan, state secretary of the Ministry of Justice and Home Affairs. “Lawyers representing the Mongolian government will attend the trial.”Bayasgalan, Mon-Atom Director R. Badamdamdin, and officials from the Atomic Energy Agency will attend the meeting, reported unofficial sources.Khan Resources is an international mineral exploration and development company for gold and uranium properties in Mongolia. |