Close Menu
    Trending
    • Malaysian foreign minister calls for review of UNHCR’s presence | Humanitarian Crises News
    • The ‘2 passing, 2 rushing-TD games’ quiz
    • Skybound CEO on How ‘Invincible’ Became a Global Powerhouse
    • Universal Gravitational Constant Gets a 10-Year Recheck
    • AI is the Globalist’s Next Tool * The Gateway Pundit * by Jim Hᴏft
    • Emmy Rossum Rejected ‘Life-Changing Money’ On ‘Shameless’
    • Zidane lands dream job as France hand him reins through 2030 World Cup
    • Is Netanyahu’s Trump card losing its power in Israel? | Benjamin Netanyahu News
    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

    Malaysian foreign minister calls for review of UNHCR’s presence | Humanitarian Crises News

    July 28, 2026

    Is Netanyahu’s Trump card losing its power in Israel? | Benjamin Netanyahu News

    July 28, 2026

    Why has Iran’s economy not collapsed under US war pressure? | US-Israel war on Iran News

    July 28, 2026

    Zinedine Zidane named new France head coach following World Cup 2026 | Football News

    July 28, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Gaza is a post-apocalyptic killing zone: UNRWA chief Philippe Lazzarini | TV Shows

    April 11, 2025

    Selena Gomez’s Mother Sparks ‘Issues’ With Daughter

    July 14, 2026

    Market Talk – May 20, 2026

    May 20, 2026

    CNA Explains: How a US forced labour probe could reshape global tariffs for trading partners, including Singapore

    June 4, 2026

    CCTV cameras: Big Brother’s big eye

    February 20, 2026
    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.