Close Menu
    Trending
    • Model MLK Jr. and ask: What am I doing for others?
    • Trump reveals link between Nobel Prize snub and his stance on Greenland
    • Greenlanders Weigh Options as Trump Threatens Takeover
    • Inside Kiefer Sutherland’s Painful Hollywood Reckoning
    • EU ban on ‘forever chemicals’ set for delay
    • US Fed Chair Powell to attend Supreme Court session on Cook case: Report | Donald Trump News
    • Nick Saban gives Curt Cignetti a warning about Indiana’s success
    • This ICE crackdown is making the case for real immigration reform
    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

    US Fed Chair Powell to attend Supreme Court session on Cook case: Report | Donald Trump News

    January 19, 2026

    The US economy seems strong after a year of Trump, but is it really? | Donald Trump News

    January 19, 2026

    In Iran, the US-Israeli addiction to hybrid warfare is on full display | Conflict

    January 19, 2026

    India is profiling Kashmir mosques, raising new surveillance fears | Religion News

    January 19, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Ring Of Fire Is Becoming Active On Schedule

    July 2, 2025

    Israel Frees Palestinian Prisoners After Chaotic Hostage Handover

    January 31, 2025

    The ‘Most 1K-rushing-yard NFL seasons’ quiz

    December 22, 2025

    Is She Drunk? Nancy Pelosi Can Barely Open Her Eyes as She Slurs in Bizarre Video | The Gateway Pundit

    January 2, 2025

    Bruins name former player as new HC

    June 6, 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.