ABOUT US
Badrakh Energy LLC is a responsible mining company committed to the development of the world-class Zuuvch Ovoo uranium deposit in the Dornogobi province. The Zuuvch Ovoo project is the most advanced uranium mining development project in Mongolia. Badrakh Energy adheres to best-practice standards and is proud of its excellent environment, health and safety record. As of August 1, 2025, the company has worked without any LTI (lost time injuries) for 1874 days, which demonstrates the professionalism of the teams and the reliability of the ISR technology.
On January 17, 2025, an Investment Agreement for the Zuuvch-Ovoo project of Badrakh Energy was signed between the Government of Mongolia and the project’s investor, Orano Mining company. This investment agreement guarantees that the majority of the economic benefits generated by the project will be received by the citizens of Mongolia, contributing to the sustainable economic growth of the country.
Badrakh Energy LLC has 124 employees 89% of whom are from Mongolia.
Shareholders of Badrakh Energy LLC
According to the shareholders’ agreement dated October 2013, the shareholders of Badrakh Energy LLC are:
Orano Group, France
As a recognized international operator in the field of nuclear materials, the state-owned Orano group delivers solutions to address present and future global energy and health challenges.
Its expertise and mastery of cutting-edge technologies enable Orano group to provide to its customers with high value-added products and services throughout the entire uranium cycle.
Every day, the Orano Group’s 17,000 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate change transition and for a healthy and resource-efficient world, now and tomorrow.
Visit official website of Orano group: www.orano.group
Orano in summary
70 years of experience working in the uranium industry in many countries around the world
One of the world's top 3 uranium mining companies
Mining is underway at 4 mines in three countries
Mon-Atom LLC, Mongolia
Promise, Duty
The Orano Group is committed to achieving sustainable economic growth and social and environmental responsibility.
It conducts its operations in accordance with strict ethical principles and takes into account the interests of all stakeholders in the regions in which it operates.
Company governance
Board of Directors
The start of operation of Badrakh Energy took place in June 2017 with the first meeting of the Board of Directors, whose primary function is to ensure operational consistency in company activities. Mongolian company law requires a separation between the functions of Chairman of the Board of Directors and Chief Executive Officer, which have been fulfilled since the establishment of the company.
The organization, operation and prerogatives of the Board of Directors are set by the charter of Badrakh Energy LLC. The Board of Directors meets at least twice a year. It decides how the company orients its activities and ensures their implementation.
The Board of Directors comprises 9 directors:
- 6 members are nominated by and represent AREVA Mongol (subsidiary of Orano Mining)
- 3 directors are nominated by and represent Mon-Atom
The Board of Directors has Operation and Audit Committees. The Audit Committee is chaired by the representatives of the shareholders alternatively elected each year. The committees meet at least four times per year to discuss matters related to the operation and financial operations of the company and raise them for discussion at the Board of Directors, if necessary, for decisions.
Management committee
The company CEO chairs the CODIR, or Management Committee, which is made up of directors from the operational departments (Operations, Health, Safety and Environment, Corporate Social Responsibility, Communication) and the functional departments (Human Resources, Finance and Supply, Legal, Corporate Affairs) who are in charge of the activities of the company on a day-to-day basis. The CODIR meets on a weekly basis to discuss and decide on company operations.
