Russian President Dmitry Medvedev has signed a law on forming a joint venture with Mongolia to develop a large uranium deposit.

Medvedev's signature clears the way for creation of the Russian-Mongolian company Dornod Uran to develop Mongolia's Dornod field with reserves of at least 28,000 tons of uranium.

Russia's state nuclear company, Rosatom, has also pledged to help with infrastructure in Mongolia, such as new railway lines, to facilitate work at Dornod.

Rosatom has been negotiating with the

Read more...