Source: RIA Novosti   Date: May 6, 2010

Mr. Sergei Kiriyenko, head of the Russian state-owned civilian nuclear power corporation, Rosatom, has hinted the Government of Mongolia could soon decide on establishing a joint venture with Russia to develop a Mongolian uranium deposit. In the Black Sea resort of Sochi for a meeting with Russian Prime Minister Vladimir Putin, Mr. Kiriyenko said on Tuesday the Secretary of the Mongolian National Security Council has confirmed to Rosatom that a final decision on placing the deposit in the joint venture would be made soon.

He added that Russia had transferred all relevant documents on the joint venture to the Mongolian side and work on the deposit could begin quickly as the deposit was located just 300 km from Russia's Chita Region where there was a mining enterprise whose specialists and equipment could be used in developing the Mongolian deposit.