Deutsche Tageszeitung - Major Niger uranium mine back in public control: govt

Major Niger uranium mine back in public control: govt


Major Niger uranium mine back in public control: govt
Major Niger uranium mine back in public control: govt / Photo: © AFP

Niger on Monday confirmed one of the world's biggest uranium mines had returned to public control after revoking the operating licence of French nuclear fuel producer Orano.

Change text size:

The company last week said it had been excluded from the Imouraren mine in northern Niger, in a move that highlighted tensions between France and the West African country's military rulers.

The government had not reacted before releasing a statement on Monday saying the Imouraren mine had returned "to the public domain of the state".

It justified revoking the licence by saying Orano "never honoured its commitments" despite two "formal notices" handed to it by the mines ministry in February 2022 and March this year.

Orano on Thursday said it had "taken note" of the withdrawal of the licence from its subsidiary Imouraren SA.

The move came despite its recent resumption of "activities" at the site, which had been fulfilled in line with the government's wishes, according to Orano.

The company added that it was "prepared to keep open all channels of communication" with the authorities while reserving the right to contest the decision in national or international courts.

The Imouraren mine sits on an estimated 200,000 tonnes of uranium, used for nuclear power and weapons.

But development was frozen after the collapse in world uranium prices following the 2011 Fukushima nuclear disaster in Japan.

Niger's military rulers have vowed to review mining concessions in the country since taking power in a July 2023 coup, as part of its focus on national sovereignty.

They have also broken ties with France, the former colonial power and traditional partner, and turned towards Russia which is seeking to extend its influence in the region.

Niger in 2022 accounted for about a quarter of the natural uranium supplied to European nuclear power plants, according to data from the atomic organisation Euratom.

(U.Beriyev--DTZ)

Featured

Metro Vancouver and Fraser Valley Home Sales Forecast to Rebound in 2027

Home sales in Metro Vancouver and the Fraser Valley are projected to increase by approximately nine percent in 2027, marking a shift from recent declines. The British Columbia Real Estate Association anticipates this modest recovery as mortgage rates fall and tariff impacts fade, though average prices will rise much more slowly due to high inventory levels.

First-time boat buyers advised to assess full ownership costs

Buying a first boat is one of those purchases that arrives with a particular quality of excitement that makes careful financial planning feel like an obstacle rather than a preparation. The boat is there, it’s the right size, it’s in reasonable condition, and the idea of being on the water by the weekend is considerably more compelling than the idea of spending another two hours reading about comparison rates.

US Treasury order targets bank transfers linked to crypto exchange MEXC

U. S.

Thames Water seeks to delay £12bn in debt repayments

Thames Water has unveiled intends to push back over around £12 billion of its debts due until March 2028 in a move giving the stricken supplier vital breathing space as it looks to secure a rescue deal. The UK’s biggest water group – which is struggling under a debt mountain of over £20 billion – stated the planned deal will extend repayments on debts that were due in March 2027 for another year.

Change text size: