France’s Orano loses operational control of Niger uranium Mine 

The development marks the latest challenge for foreign companies operating in the West African nation amid a deteriorating political and business climate.

Orano, which owns a majority stake of over 60% in Somair, disclosed on Wednesday that board decisions are no longer being observed.

This follows months of escalating tensions and a suspension of uranium production last year after Niger halted exports, Reuters first reported.

In a statement, the Paris-based company highlighted a November 12 resolution by Somair’s board to curtail production expenditures, preserving funds for salaries in light of strained financial conditions. Orano claims that this resolution is being ignored, with production-related spending continuing unchecked.

“The continuation of production expenses is further exacerbating the financial difficulties of the company,” Orano said.

Niger is a significant player in the global uranium market, contributing approximately 4% of worldwide output. Uranium is a critical input for nuclear energy, and the country has long been a key supplier for Orano. At full capacity, Niger accounted for about 15% of Orano’s uranium needs.

However, the country’s military coup in 2023 has introduced uncertainty for foreign operators, including Orano, which has faced growing difficulties in maintaining its presence and control.

As Niger’s domestic policies evolve under military rule, the future of foreign enterprises like Orano remains uncertain. For now, the French nuclear group continues to monitor the situation, though prospects for a resolution appear increasingly complex.