Russia Seeking to Take Over Niger Uranium Mine from Orano, Putting Company at Risk

Niger threatens to revoke Orano SA’s uranium mining rights at Imouraren deposit

Orano SA, a French nuclear company, is facing the possibility of losing the right to mine uranium at the massive Imouraren deposit in Niger. The Nigerien government has rejected Orano’s proposed plan for developing the asset, raising concerns about the future of the project.

The rejection comes amidst reports of Russia’s interest in taking over mining assets in Niger, further complicating the situation. The political landscape in Niger has been unstable, with a coup last July leading to a change in leadership and a shift in alliances.

Niger’s mining ministry stated that Orano’s plan for the Imouraren deposit did not meet their expectations, leading to the threat of revoking the company’s operating permit by June 19. This decision follows years of delays in the development of the deposit, with exploitation initially scheduled for 2012.

Imouraren is one of the world’s largest uranium deposits, with significant reserves that make it a crucial asset for the global uranium market. The potential loss of mining rights at Imouraren could have far-reaching implications for both Orano and the international nuclear industry.

The situation in Niger has also raised concerns about the country’s strategic alliances, with Russia gaining influence in the region while traditional partners like France and the US face challenges. The outcome of this dispute will not only impact Orano and its operations but also have broader implications for the global uranium market.