The China Mail - Uranium-rich Niger struggles despite nuclear resurgence

USD -
AED 3.672498
AFN 62.5029
ALL 82.819398
AMD 376.075163
ANG 1.790083
AOA 917.000378
ARS 1397.110301
AUD 1.436565
AWG 1.8
AZN 1.699903
BAM 1.688145
BBD 2.009072
BDT 122.394372
BGN 1.709309
BHD 0.377767
BIF 2958.624827
BMD 1
BND 1.276256
BOB 6.893129
BRL 5.231897
BSD 0.997544
BTN 93.230733
BWP 13.63089
BYN 2.970277
BYR 19600
BZD 2.006223
CAD 1.37492
CDF 2273.000041
CHF 0.787145
CLF 0.023051
CLP 910.170499
CNY 6.880504
CNH 6.891745
COP 3712.41
CRC 465.238726
CUC 1
CUP 26.5
CVE 95.175414
CZK 21.127799
DJF 177.636605
DKK 6.448445
DOP 59.194938
DZD 132.659875
EGP 52.581102
ERN 15
ETB 155.750187
EUR 0.86306
FJD 2.22325
FKP 0.74705
GBP 0.746635
GEL 2.715011
GGP 0.74705
GHS 10.912826
GIP 0.74705
GMD 73.000276
GNF 8743.725967
GTQ 7.640618
GYD 208.6928
HKD 7.83213
HNL 26.402945
HRK 6.499601
HTG 130.655262
HUF 336.171498
IDR 16914
ILS 3.126335
IMP 0.74705
INR 93.876297
IQD 1306.805921
IRR 1315049.999892
ISK 123.919864
JEP 0.74705
JMD 157.11949
JOD 0.708978
JPY 158.652005
KES 129.649945
KGS 87.449677
KHR 3997.255178
KMF 425.000135
KPW 899.971148
KRW 1497.825005
KWD 0.30657
KYD 0.831294
KZT 480.792301
LAK 21441.54953
LBP 89332.395375
LKR 313.246356
LRD 182.547937
LSL 16.914492
LTL 2.95274
LVL 0.60489
LYD 6.385596
MAD 9.32385
MDL 17.446884
MGA 4151.759319
MKD 53.179834
MMK 2099.628947
MNT 3568.971376
MOP 8.048336
MRU 39.820637
MUR 46.502481
MVR 15.450291
MWK 1729.410597
MXN 17.851982
MYR 3.956027
MZN 63.910193
NAD 16.912959
NGN 1373.169654
NIO 36.709839
NOK 9.747029
NPR 149.169001
NZD 1.71749
OMR 0.384494
PAB 0.997544
PEN 3.4702
PGK 4.307127
PHP 59.873973
PKR 278.458498
PLN 3.688498
PYG 6518.521076
QAR 3.647765
RON 4.396974
RSD 101.349827
RUB 81.145429
RWF 1458.380986
SAR 3.753811
SBD 8.051718
SCR 13.8813
SDG 601.000453
SEK 9.359796
SGD 1.278945
SHP 0.750259
SLE 24.549666
SLL 20969.510825
SOS 570.111649
SRD 37.336501
STD 20697.981008
STN 21.147215
SVC 8.728114
SYP 110.977546
SZL 16.908277
THB 32.589498
TJS 9.531352
TMT 3.5
TND 2.939722
TOP 2.40776
TRY 44.347598
TTD 6.771674
TWD 32.001499
TZS 2572.502246
UAH 43.799335
UGX 3765.930542
UYU 40.64581
UZS 12161.753917
VES 456.504355
VND 26354
VUV 119.458227
WST 2.748874
XAF 566.190351
XAG 0.014396
XAU 0.000227
XCD 2.70255
XCG 1.797757
XDR 0.704159
XOF 566.190351
XPF 102.939019
YER 238.649649
ZAR 16.98706
ZMK 9001.186243
ZMW 19.326828
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • RYCEF

    0.6300

    15.97

    +3.94%

  • VOD

    0.1500

    14.48

    +1.04%

  • NGG

    0.0700

    82.06

    +0.09%

  • BTI

    0.5500

    57.92

    +0.95%

  • CMSC

    0.2300

    22.88

    +1.01%

  • BP

    -1.2100

    43.57

    -2.78%

  • GSK

    0.1500

    51.99

    +0.29%

  • RELX

    0.4500

    33.81

    +1.33%

  • BCE

    -0.0300

    25.76

    -0.12%

  • RIO

    2.6900

    85.84

    +3.13%

  • AZN

    0.4700

    184.07

    +0.26%

  • BCC

    3.5800

    71.88

    +4.98%

  • CMSD

    0.0816

    22.74

    +0.36%

  • JRI

    -0.0900

    11.68

    -0.77%

Uranium-rich Niger struggles despite nuclear resurgence
Uranium-rich Niger struggles despite nuclear resurgence / Photo: © AFP

Uranium-rich Niger struggles despite nuclear resurgence

Prospects for the world's nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels -- but Niger, one of the world's biggest sources of uranium, has yet to feel the improvement.

Text size:

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.

But its mining industry is in the doldrums.

"Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices," Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.

She blamed "pressure from ecologists" after the 2011 Fukushima nuclear accident in Japan, but also the emergence of "particularly rich deposits" of uranium in Canada for depressing the market.

A concrete example of Niger's problems can be found in its vast mine at Imouraren, which experts had said would yield 5,000 tonnes of ore for 35 years, but which has been closed since 2014.

"Mining at... Imouraren, which is one of the world's largest uranium deposits, will get underway as soon as market conditions permit," French miner Orano, which has the operating licence, says on its website.

Orano, previously known as Areva, has two subsidiaries in Niger.

Last year, its offshoot Cominak wound up activities at a mine in the desert region of Arlit which had been operating since the 1970s after commercially exploitable deposits of uranium ore ran out.

Production at a second site in Arlit by its other subsidiary Somair was 2,000 tonnes in 2021, compared with 3,000 tonnes nine years earlier.

- Grounds for optimism -

But there is good news, too, for the sector.

Prices have recently been on the upward track over the past two years. At around $50 a pound (half a kilo), they are double the price of six years ago, although still way off the record of $140 per pound, reached during a spike in 2007.

"Prices are low compared to production costs. Many mines have closed because of that," a French uranium expert told AFP.

"But a slow improvement is underway. In the long term, there will be major demand, especially for power stations in Russia or China," the specialist said, asking not to be identified.

This explains why foreign miners -- from Australia, Britain, Canada, China, India, Italy, Russia and the United States -- have been knocking on Niger's door.

"There are 31 current authorisations for uranium prospecting, and 11 permits to mine uranium," the minister said.

On November 5, the Canadian company Global Atomic Corporation began the symbolic start of uranium extraction at a site about 100 kilometres (60 miles) south of Arlit.

It has promised to invest 121 billion CFA francs (around $185 million) there next year.

"(Niger's) uranium... is open to those who have the technological capacity to exploit it," Nigerien President Mohamed Bazoum said last year.

"There is a future for uranium in Niger, but not necessarily with France," the French expert said.

- Tensions with France -

Niger's open-doors policy today contrasts with the half-century entwinement it previously had with France -- a once-cosy relationship that suffered from repeated rows out about pricing.

In 2007, former president Mamadou Tandja successfully fought for a 40-percent increase in price for uranium paid by Areva.

His successor, Mahamadou Issoufou -- a former Areva employee -- once voiced indignation that his country earned so little from uranium, even though it was the fourth biggest producer in the world at the time.

In 2014, Areva and Niger signed a deal, after 18 months of negotiations, that set down improved conditions for Niger through operations at the Imouraren mine.

Those benefits are still awaited, as the huge mine is closed.

"There's no win-win partnership. Niger has had no benefit from uranium mining," said Ali Idrissa, coordinator of a coalition of campaign groups called the Nigerien Network of Organisations for Budget Transparency and Analysis.

Uranium "has brought us only (landscape) desolation... and all the profits went to France," said Nigerien specialist Tchiroma Aissami Mamadou.

In 2020, mining contributed to 1.2 percent of the national budget.

Accusations of abuse or exploitation are rejected by Orano, which said it had invested millions of euros in projects to improve health and education for local communities and spur economic activities around mining sites.

It also pointed to taxes, dividends and other payments that mining companies paid into state coffers, directly or indirectly.

R.Yeung--ThChM