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The tax breaks and benefits that AREVA, uranium miner, gets from Niger

A nuclear story: Areva and Niger’s uranium fight Express Tribune 5 Feb 14  “………The latest contracts show Areva received a range of tax breaks and benefits in Niger, some of which were standard under Niger’s 1999 mining law. Signed on November 9, 2001 and effective for 10 years from January 1 2004, the contracts state that Areva was:

* Exempt from any export duties on its uranium production.

* Exempt from all entry taxes, customs duties and value-added tax, on materials, equipment, machines, parts and petroleum products used in mining operations, including everything from sulfur and other chemicals used to process ore, vehicles, and even protective clothing.

* Protected by a stability clause so that an increase in royalties tax under a new 2006 mining law did not affect them.

* Protected so that if another uranium miner negotiated better terms, Areva would automatically benefit from the same conditions.

* Guaranteed that any audit of the mines ordered by Niger will remain strictly confidential.

* Granted an exoneration of up to 20 percent of corporate income tax to help fund future prospecting…. http://tribune.com.pk/story/667988/a-nuclear-story-areva-and-nigers-uranium-fight

February 7, 2014 - Posted by Christina Macpherson | Uncategorized