Close Menu
    Trending
    • Cheap Team Building Ideas to Boost Collaboration
    • Trump raises potential concerns over $72bn Netflix-Warner Bros deal
    • Janice Combs Responds To ‘Lies’ About Her And Diddy In Netflix Doc
    • Singer Katy Perry and Canada’s Justin Trudeau make romance official
    • Russia-Ukraine war: List of key events, day 1,383 | Russia-Ukraine war News
    • Jeff Kent finally gets his due with HOF election
    • My e-bike was stolen in Seattle. Here’s what happened next
    • How to Create an Effective Customer Feedback Survey in 5 Simple Steps
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Latest News»Niger to nationalise uranium mine operated by French state-affiliated firm | Mining News
    Latest News

    Niger to nationalise uranium mine operated by French state-affiliated firm | Mining News

    The Daily FuseBy The Daily FuseJune 21, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Niger to nationalise uranium mine operated by French state-affiliated firm | Mining News
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Niger’s nationalisation of Somair mine operated by Orano comes because it strikes away from France and seeks nearer ties with Russia.

    Niger plans to nationalise a uranium mine operated by French nuclear agency Orano because it continues to pivot away from former colonial ruler, France.

    The corporate, which is 90 % owned by the French state, stated on Friday that Niger’s army rulers’ deliberate nationalisation of the Somair mine was a part of a “systematic coverage of stripping mining property”, threatening to take authorized motion over the transfer.

    The army authorities – which got here to energy in a 2023 coup, pledging to evaluation mining concessions – had stated a day prior that it meant to take management of the Somair mine, accusing Orano of taking a disproportionate share of uranium produced on the web site.

    Orano holds a 63 % stake in Somair, whereas Niger’s state-owned Sopamin owns the rest, however the authorities stated that Orano had taken 86.3 % of manufacturing between the mine’s launch in 1971 and 2024.

    “Confronted with the irresponsible, unlawful, and unfair behaviour by Orano, an organization owned by the French state, a state brazenly hostile towards Niger since July 26, 2023 … the federal government of Niger has determined, in full sovereignty, to nationalise Somair,” the authorities stated on Thursday.

    Wave of nationalisations

    Niger’s army leaders have turned their again on France since taking energy, looking for nearer ties with Russia as an alternative.

    In 2024, Niger eliminated Orano’s operational management of its three essential mines within the nation: Somair, Cominak and Imouraren, which has one of many largest uranium deposits on this planet.

    On Friday, Orano stated it meant “to assert compensation for all of its damages and assert its rights over the inventory similar to Somair’s manufacturing so far”.

    Orano, which has been working in Niger for 50 years, is concerned in a number of arbitration processes with the nation.

    Final month, it sued the Nigerien authorities after the disappearance of its director and the raiding of its native workplaces.

    Niger’s resolution to nationalise Somair comes amid a wave of mine nationalisations throughout West Africa, notably in Mali and Burkina Faso, each of that are ruled by army governments.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Russia-Ukraine war: List of key events, day 1,383 | Russia-Ukraine war News

    December 8, 2025

    Celta Vigo earn shock 2-0 win at the Bernabeu as Real Madrid implode | Football News

    December 7, 2025

    Russia welcomes Trump’s revised US security strategy | Russia-Ukraine war News

    December 7, 2025

    The Road to Damascus | Syria’s War

    December 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    H-1B visa fee timeline imposed by US ‘concerning’, says India trade body | Migration News

    September 20, 2025

    Gucci, Balenciaga and Alexander McQueen hacked in cyber-attack

    September 15, 2025

    Democrats, keep affordability focus as Americans’ costs rise under Trump

    November 13, 2025

    China warns against trade deals that ‘hurt’ others after Vietnam-US pact

    July 3, 2025

    Tom Cruise Is Reportedly ‘Set To Receive A Knighthood’

    May 9, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.