The military leadership in Niger has announced plans to nationalize the French-owned uranium entity, Somaïr, amidst growing tensions with France. The operation of Somaïr, run by French nuclear company Orano, has come under scrutiny, with the junta accusing it of various “irresponsible acts.”
Since taking control in 2023, Niger’s military rulers have aimed to gain greater oversight of the nation’s mineral resources, shifting their alliances from France towards Russia. Niger ranks as the world’s seventh largest uranium producer and boasts Africa’s highest-grade uranium ores.
The junta expressed that the nationalization would facilitate a more sustainable management approach and ensure that more benefits from mining activities would accrue to Nigeriens. While Orano holds a 63% stake in Somaïr and has been operational in Niger for decades, the military previously asserted control over its operations last year.
Reports indicate that Orano is pursuing legal action against the Nigerien government in response to its recent maneuvers. Following its independence from France in 1960, Niger’s agreements with the former colonial power had been viewed as a continuation of foreign dominance over local resources, prompting the current government’s shift in policy.
However, there are concerns that such uncertainties in the mining sector could endanger employment opportunities and vital export revenue for the nation. In a similar vein, Mali has also signaled its intention to gain more control over its mineral assets, moving away from French ties.
Source: www.bbc.com
