Marubeni
From Mongol Studies Online Reference
| Marubeni Corporation | |
|---|---|
| Purpose/focus | Mineral Exploration |
| Headquarters | Tokyo, Japan |
| Location | Ulaanbaatar, Mongolia |
| CEO Advisor to President for Energy and Minerals |
Teruo Asada Shinji Kawai |
Marubeni Corporation is the fifth largest trading company in Japan and the first Japanese company to acquire licensing rights for uranium exploration in Mongolia. Marubeni has conducted feasibility studies for several mining operations in Mongolia, and has stakes in three mines, including Dornod and Gurvanbulag. [1] Marubeni has a presence in many different industries, but its Energy division currently owns shares in oil, gas and uranium.[2]
Contents |
[edit] Corporate History
Marubeni was founded in 1858 as a linen trading company. On December 23, 2008 it obtained rights from the Mongolian government to conduct feasibility studies on mining sites in Eastern Mongolia. In April of 2009, Khan Resources Inc. announced that it has signed a Letter of Intent (LOI) with Marubeni Corporation of Japan relating to uranium exploration on its Dornod project.On July 16,2009 Japan and Mongolia signed a joint mine development agreement, which presumably will influence Marubeni's investments in the country. [3]
[edit] Projects in Mongolia
Marubeni has pledged cooperation with Khan Resources on the development of their mine in Dornod-Uran. However, with the Russo-Mongolian agreement to jointly develop the Dornod-Uran, it remains to be seen what role Marubeni will play in the exploration process. There have been discussions of a potential Japanese role in the development of Dornod-Uran, which could involve Marubeni. [4]
[edit] External Links
[edit] References
- ↑ | "Marubeni eyes development of Mongolia uranium mines." Reuters.com. Retrieved on 4 Sept. 2009.
- ↑ | Official Website
- ↑ | "Khan Resources Announces Letter of Intent With Marubeni Corporation." Mongolia Investing News. Altan San Securities. Retrieved on 4 Sept. 2009.
- ↑ "Nuclear Gazumping in Mongolia." Your Nuclear News. Retrieved on 26 Aug. 2009.
