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Niger stops uranium and gold export to France

• ByAl Mayadeen , Source: Agencies 1 Aug 23

Niger coup leader General Abdourahamane Tchiani, despite being EU’s largest supplier of uranium, halts uranium and gold export to France.

With immediate effect, the Republic of Niger under the leadership of General Abdourahamane Tchiani, and supported by the people of the Republic, announced the suspension of the export of uranium and gold to France on Sunday.

In parallel to the decision, protestors were surrounding the French Embassy in Niger calling for the end of French colonial practices repeating the slogan “Down with France!” and reaffirming their support to the coup leader, Tchiani…………………………………

It is also worth noting that Niger, according to the World Nuclear Association (WNA), is the world’s seventh-biggest producer of uranium. The WNA also confirms that Niger, in 2022, produced 2020 tU which would be considered just over 4% of world uranium output.

Currently, uranium production in Niger occurs mostly through a French majority-owned company called Orano which owns 63.4% of Société des Mines de l’Aïr (SOMAÏR). The remaining 36.66% of this is owned by Niger’s Société du Patrimoine des Mines du Niger, known as Sopamin.

In 2021, the European Union utilities purchased 2905 tU of Niger-produced uranium making Niger the leading uranium supplier vis-a-vis the EU.

Earlier, on July 28, Orano released a statement arguing that “the situation remains unstable” in Niger following the overthrowing of French ally and President of Niger Muhammed Bazoum. The company then added that it has “set up a crisis unit to prioritize the safety of its employees” and underscored that “this event to have any immediate impact on its activities in Niger or on the value of its assets.”….. https://english.almayadeen.net/news/Economy/niger-puts-an-end-to-uranium-and-gold-export-to-france

August 2, 2023 - Posted by Christina Macpherson | business and costs