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Niger Political Melee Could Affect Foreign Uranium Cos

Niger Political Melee Could Affect Foreign Uranium CosThursday Easy Bourse May 28th, 2009 / 20h15By Brian TruscottOf DOW JONES NEWSWIRESVANCOUVER -(Dow Jones)- As Kazakhstan investigates whether state officials sold uranium assets to foreign companies illegally, Niger – and its uranium market – is undergoing a small crisis of its own…………………..Political unrest, especially from opposing political parties, is spreading, with street demonstrations and the rise of anti-referendum coalitions.
On the face of it, this looks like political wrangling, but given the history of power grabs in African countries, this could be a precursor to economic instability in a region that often sees the military step in to resolve political upheavals, one uranium markets analyst said………………………..Niger Uranium Ltd. (URU.LN) has a number of potential prospects in development while Australia’s NGM Resources Ltd. (NGM.AU) has three uranium concessions.

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May 29, 2009 - Posted by Christina Macpherson | business and costs, Niger | antinuclear, nuclear, nuclear costs, radioactive, uranium