nuclear-news

French nuclear company Orano explores sale of Niger uranium assets

 French state-owned nuclear fuel company Orano is exploring the sale of its
uranium assets in Niger after the breakdown of its relationship with the
west African country’s military rulers. Orano operates three mines in
Niger in a joint venture with the Russian-backed government that seized
power in a coup two years ago, but was stripped of its rights over one
project in June and forced to stop work at another soon after because of
financial pressures. It said at the time that Niger had blocked uranium
exports and halted payments of its obligations as joint venture partners
since the 2023 coup that toppled the country’s pro-western government.
This has forced Orano to look at a possible sale of its Niger assets,
according to multiple people familiar with the matter.

 FT 18th May 2025
https://www.ft.com/content/e0d5c62f-3794-4148-95e2-31deecbc7717

May 19, 2025 - Posted by Christina Macpherson | business and costs, Niger