Badrakh Energy LLC is conducting a detailed study of the Zoovch-Ovoo uranium deposit in Eastern Gobi Province, Mongolia, according to Mongolian website https://gogo.mn/r/jnqdj. The company is a joint venture between Mon-Atom LLC, a subsidiary of Erdenes Mongol, and France's Orano Mining. Mongolia is one of the countries rich in uranium resources in the world. Zhuzhanao Is one of Mongolia's largest uranium deposits, with uranium reserves of 93,291 tons. A feasibility study for the deposit was approved in 2015, a mining license was issued the following year, and an agreement to develop the deposit was signed with Mongolia's Bureau of Minerals and Petroleum. In 2018, a cooperation agreement was signed with the local Sumu (administrative division unit) of East Gobi Province. In 2019, the construction of production test facilities was completed. Production testing began in July 2021 and will be completed by the end of 2022. An investment agreement will be signed after the plant is tested and profits estimated. At that time, if the investment agreement is successfully signed and mining begins, uranium mining in Mongolia will start for the first time and the project will last 35 years.

South Africa produced 19.3 million tonnes of coal in September, down 8.9 percent from a year earlier and 3.2 percent from the previous month, the fifth consecutive monthly decline, according to government data. South Africa produced 175 million tons of coal in the january-September period, the lowest level for the same period in the past five years, down 7.4% year-on-year and 10.3% from 2019. The possible impact of La Nina weather could put further pressure on South African coal production. Low export coal supplies due to rail capacity constraints were also a major constraint on South African coal production, despite seasonal weakness in electricity demand. South Africa's domestic electricity demand has been lower than a year ago since September. So far this year (to November 7), South Africa's electricity demand was 180.5 billion kilowatt-hours, down 4.3 percent from the same period in 2019, despite a 2.1 percent year-on-year increase, according to Eskom.

Germany's crude oil imports rose 14.6% year-on-year in the first four months of 2022 as the economy recovered from the coronavirus pandemic, official data showed on Wednesday, with higher prices doubling its import bill. Russia remained Germany's biggest oil supplier, accounting for 35 per cent of its total oil imports over the same period, according to monthly data from the foreign trade office of the Federal Bureau of Economic And Export Control (BAFA). This was followed by imports from the UK and Norway's North Sea at 21.5 per cent, while imports from members of the Organisation of The Petroleum Exporting Countries (OPEC) accounted for 17.7 per cent. The rest is shared by other sources, including Kazakhstan and the United States. BAFA delayed the release of import data by two months. This means that the impact of the conflict with Ukraine -- leading to economic sanctions against Russia and co