EconomyLens.com
No Result
View All Result
Thursday, August 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Niger revokes French operating licence at major uranium mine

David Peterson by David Peterson
June 20, 2024
in Economy
Reading Time: 6 mins read
A A
2
28
SHARES
355
VIEWS
Share on FacebookShare on Twitter

Niger citizens celebrated the departure of French troops in 2023. ©AFP

Niamey (Niger) (AFP) – Niger has revoked the operating licence of French nuclear fuel producer Orano at one of the world’s biggest uranium mines, the company said Thursday, in a move that highlighted tensions between France and the African country’s ruling junta.Orano said it has been excluded from the Imouraren mine in northern Niger which sits on an estimated 200,000 tonnes of the metal, used for nuclear power and weapons.Mining was meant to have started at Imouraren in 2015 but development was frozen after the collapse in world uranium prices in the wake of the 2011 Japanese nuclear disaster.

Related

US tariffs prompt Toyota profit warning

Higher US tariffs take effect on dozens of economies

For Argentine farmers, Milei’s free-market reforms fall short

Trump’s ‘dividend’ promise for Americans leaves open questions

Taiwan’s orchid growers dig in as US tariffs shoot up

The Niger government did not immediately comment on the company’s statement.But it had vowed to review mining concessions in the country and the mining ministry had warned that it would take away Orano’s licence if development work had not started by June 19.A week before the deadline, Orano told AFP that “preparatory work” had recently started at Imouraren. “Orano takes note of the decision by the Niger authorities to withdraw from its subsidiary Imouraren SA its licence to work the deposit,” the company said in a statement Thursday.It added that the move came despite its recent resumption of “activities” at the site, which it said had been fulfilled in line with the government’s wishes.

– Niger’s key uranium exports -Orano said it was “prepared to keep open all channels of communication with the Niger authorities on this subject, while reserving the right to contest the decision to withdraw the mining licence in the national or international courts”.The company added that mine infrastructure had reopened from June 4 and dozens of people were involved “to make progress with the work”.It said Imouraren would eventually provide jobs for 800 people on the project, including subcontractors.

The French firm has been present in Niger since 1971.A uranium mine at Arkokan has been closed since 2021 but Orano runs another uranium mine in the northern region of Arlit despite what it calls “logistical” difficulties.Niger is landlocked and its border with Benin, its main sea access, is closed.The government says this is for “security” reasons.But the closure is an obstacle to exports of Niger’s minerals.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.Kazakhstan is Europe’s main supplier, ahead of Niger and then Canada.The junta vowed to review foreign mining concessions in the country after it took power in July last year.

The military rulers have also turned against France, ordering out French troops based in the country and increasing criticism of the former colonial power.Niger has increasingly turned to Russia and Iran for support.Chinese, Australian, US, British, Italian, Canadian, Russian and Indian firms have secured uranium mining licenses in recent years.In 2022 there were 31 prospecting permits and 11 mining licences.The Azelik mining company, majority held by Chinese interests, is increasingly taking over uranium mining in the north of the country that have been suspended for the past decade because of poor profitability.

© 2024 AFP

Tags: FranceNigeruranium mining
Share11Tweet7Share2Pin3Send
Previous Post

European stocks advance, AI propels US into record territory

Next Post

US philanthropist Melinda French Gates endorses Biden

David Peterson

David Peterson

Related Posts

Economy

Brazil seeks WTO relief against Trump tariffs

August 6, 2025
Economy

Swiss president hopes Washington talks avert surprise tariff

August 6, 2025
Economy

German factory orders fall amid tariff, growth woes

August 6, 2025
Economy

Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re

August 6, 2025
Economy

German factory orders fall amid tariff, growth woes

August 6, 2025
Economy

Taiwan’s orchid growers dig in as US tariffs shoot up

August 6, 2025
Next Post

US philanthropist Melinda French Gates endorses Biden

Nvidia suffers rare retreat as Nasdaq streak ends

US bans Russia's Kaspersky antivirus software

IMF signs off new $786 million Tanzania loan agreement

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

China says trade jumped in July, beating forecasts

August 6, 2025

Higher US tariffs take effect on dozens of economies

August 6, 2025

Sony hikes profit forecasts after strong quarter for games

August 6, 2025

Mexican authorities accuse Adidas of cultural appropriation

August 6, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.