Orano Loses Control of Niger’s Somair Uranium Mine Amid Governance Issues
Orano, a major player in the nuclear energy sector, has lost control of its Somair uranium mine in Niger due to governance issues and interference from Nigerien authorities.
The French company, which owns over 60% of Somair, had already suspended production after Niger halted uranium exports last year.
Niger, responsible for around 4% of global uranium production, has long been a key supplier to Orano. However, following a military coup in the country last year, the situation for international companies has become increasingly unstable.
Orano cited the recent actions of Nigerien authorities, who have taken control of the mine, as part of the growing interference in its operations.
In a statement, Orano revealed that the Somair board’s November 12 resolution to suspend production-related expenditures, aimed at safeguarding funds for salaries, is being ignored.
The company has warned for months about the worsening governance situation at the mine. “The production expenses that continue on the site are further deteriorating the company’s financial situation,” Orano said.
Before the disruption, Niger accounted for about 15% of Orano’s uranium supply. To offset the losses, Orano has increased production at its mines in Canada and Kazakhstan.
Niger has shifted its focus towards strengthening ties with Russia and Turkey, while officially ending its defense pact with France. This move aligns with Niger’s broader strategy to attract investment in its mineral resources, as neighboring military-led governments in Mali and Burkina Faso also seek greater control over their resources, amid expanding Russian influence in the region.