US Edition
Niger says it will nationalize a uranium venture operated by France’s Orano
- Niger's ruling military junta announced on Thursday it will nationalize Somair, a uranium mining venture controlled by French firm Orano.
- This decision followed a 2023 military coup, deteriorating Niger-France relations, and accusations of Orano's irresponsible and illegal conduct.
- Orano, the majority stakeholder with a 63% share in Somair, has been excluded from managing the mine since last year and is now seeking legal arbitration.
- The junta expressed that by taking control of the company, Niger would be better positioned to manage it responsibly and ensure its mining wealth benefits the country's citizens.
- The takeover risks threatening jobs and export earnings amid ongoing tensions, while Orano considers selling its stake to mitigate losses.
55 Articles
55 Articles
The day after the nationalization of its Nigerian subsidiary by the ruling military junta in Niamey, the French uranium giant that has been present in the north since 1971, denounced Friday 20 June in a communiqué "an additional step in the will of the authorities to evince it" of the country. The event intervenes in a context of strong tensions between France and Niger since the coup d'état of July 2023.
Niger takes control of its uranium deposits and thus withdraws power from the French company Orano – with consequences for France and Europe's electricity supply.
The putschist government of Niamey announces the nationalization of the Arlit mine. The group has already diversified its supplies.
On Thursday, June 19, the junta announced the nationalization of the local branch of the French uranium giant. A diversion to make forget the last deadly attack of the jihadists in the south-west of the country?
Niger to nationalise uranium mine operated by French state-affiliated firm - teleSUR English
Niger plans to nationalise a uranium mine operated by French nuclear firm Orano as it continues to pivot away from former colonial ruler, France. The company, which is 90 percent owned by the French state, said on Friday that Niger’s military rulers’ planned nationalisation of the Somair mine was part of a “systematic policy of stripping mining assets”, threatening to take legal action over . The military government – which came to power in a 20…
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