Thierry Plaisant, General Director, AREVA Mongol

1. AREVA in Mongolia :
15 years of presence –
New perspectives in uranium mining

2. AREVA supplies solutions for power
generation with less carbon
World leader in nuclear power
 A unique integrated model, from
uranium mining to reactor design and
related services to used nuclear fuel
recycling
A major player in renewable
energies
 A portfolio of diversified operations:
offshore wind, bioenergies,
concentrating solar power, hydrogen
and energy storage

3. AREVA’s construction experience
100+AREVA reactors around the World
30% of worldwide installed nuclear capacity
84 PWR in operation
6 BWR in operation
1 PHWR in operation
7 Shutdown reactors
4

4. Despite Fukushima,
the rising demand for Uranium
Rising demand will require bringing new mines into production
Demand to be covered by new
mining projects
Source : According to 2011 WNA report
Secondary sources of supply
Demand
Production from existing mines
0
20000
40000
60000
80000
100000
120000
2012 2015 2020 2025 2030
tU
Demande devant être couverte par de nouvelles productions
Ressources secondaire
Production primaire
Demande réacteurs

5. World uranium production in 2012
Top 5 producers * (~70 %)
Kazatomprom 17 %
AREVA 14 %
Cameco 15,7 %
Rio Tinto 9 %
ARMZ/U1 14 %

Canada
Niger
Namibia
Kazakhstan
Australia
9 053
tU
4 289
tU
4 659
tU
7 334
tU
19 450
tU
Top 5 countries = 76 % of total world production

6. Mining BG – one of the pillars of the
AREVA’s integrated model
Mining
Réacteurs
& Services
Amont Aval
Energies
Renouvelables
• Uranium
1 756 M€ of revenues
17 % of AREVA’s revenues
5 200* employees
9 330 tons produced in 2013
* Global workforce managed by AREVA ( regardless of AREVA’s stake in mining joint ventures)

7. Mining Activities :
Presence in the 5 continents

8. 2.
AREVA in Mongolia

9. AREVA in uranium exploration
since 15 years
12 exploration
licences in Sainshand
basin (356,830 ha)
15 licences in
Dariganga area
(744,820 ha) granted
to COGEGOBI
AREVA intends to
mine the deposits it
has discovered

10. Uranium mining – a long-term activity
~ 15 ans
~ 10 years
Evidence
Prefaisability
Resources
Faisability
Reserves
15 - 60 years
PRODUCTION
~ 10 years 10 years +
Exploration Licence Mining Lease Process
ENVIRONMENTAL MONITORING
Prospection
Situation of
the Mongolian
Project
Situationofthe
AREVA
Mongolian
Project

11. AREVA and Mongolia, 15 years of partnership
Creation of COGEGOBI with activities focused on Uranium
exploration.
First significant results around Dulaan Uul and confirmation of
its potential
First discovery of Zoovch Ovo deposit
Signature of a cooperation agreement with Mitsubsihi
Corporation
Classification of the Dulaan Uul deposit resources by the
Mongolia Authority of Minerals Resources (6,259 TU)
 ISR test performed for checking the technical feasibility to recover Uranium
on the Umnut deposit
Classification of the Zoovch Ovoo deposit resources by the
Mongolia Authority of Minerals Resources (57,700 TU)
Signature of a Shareholders Agreement between AREVA
Mongol and MonAtom for the mining development of the
deposits
Mitsubishi became 34% shareholder of AREVA Mongol
•1996
•2003
•2009
• 2011
• 2013

12. Corporate structure
of the Project
AREVA MONGOL
LLC
COGEGOBI
LLC
AREVA MINES
LLC
MITSUBISHI
CORPORATION
MONATOM
34%
66%100%
34%
Exploration Mining
AREVA
SA
AREVA MINES
SA
66%
100%
Companies registered
in MONGOLIA

13. AREVA in Mongolia
since 15 years
The AREVA exploration company is present in Mongolia for 15 years
preparing to develop its project for more than 30 years
Local drilling companies: Ordgeo Gobigeo, Uran Drilling, …
Local catering companies: Geomandal, ISSM
AREVA gives priority to local contractors
Investment already made of more than 140 MUSD
Actual staff of 180 people will be considerably increased in the coming
years during the development and operating phases.
90% of the staff are Mongolians citizens of which 30% are locally
hired, this level will be maintained during the further AREVA presence in
Mongolia
Social responsibility expressed by financing of social projects and
employment creation in surrounding provinces

14. AREVA MONGOL - contribution
to local development
SD Action Plan for the year
2014 presented to the Prime
Minister of Mongolia
More than one billion MNT
spent since 2006 in SD
projects
3 years Community
Development Plan to
negotiate in 2014
x4
Evolution of SD investments
2006 – 2013 (M MNT)

15. AREVA MONGOL - dialogue
with communities
Community Liaison
Committees started in 2013
and to be held 4 times a year
Weekly visits to herders to
hear their concerns
Participatory environmental
monitoring with local herders
AREVA days and regular
workshop on ISR technology
to be organized on site
Introduction to drilling activities to Zuunbayan
people by AREVA’s community staff and drilling
contractor Ordgeo

16. Bogd Khan National Park -25 Septembre