nuclear-news

Uranium profits in Niger. France is grabbing it all

Meillure Ecole du Senagal 24 April 23

Of the 5504 billion CFA francs (US$ 5504 millions) in annual uranium revenues, Niger earns only 86 billion CFA francs and France quietly takes the 5418 billion CFA francs.

Niger mines 43,000 tonnes a year, selling for 43 million CFA francs a tonne (US$ 64 000) at 43,000 CFA francs a kilo (US$ 64). Niger’s uranium is listed on the stock market, more specifically on the Chicago exchange. A kilo of uranium dioxide sells for 128 million CFA francs(US$ 128 000), not forgetting that on the international market the cost of materials fluctuates.

On the basis of current figures (128 million CFA francs (US$128 000 X 43,000 tonnes = 5504 billion CFA francs (US$ 5504 millions), we realize that out of the 5504 billion CFA francs (US$ 5 504 millions), Niger will only be entitled to 86 billion CFA francs (US$ 86 millions) i.e. a shortfall of 5418 billion CFA francs (US$ 5418 millins) for the country of Niger.

August 10, 2023 - Posted by Christina Macpherson | business and costs, Niger