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

USD -
AED 3.672502
AFN 63.999576
ALL 80.977186
AMD 362.829809
ANG 1.790365
AOA 918.000184
ARS 1524.997501
AUD 1.43976
AWG 1.8025
AZN 1.69885
BAM 1.722428
BBD 2.015086
BDT 123.012972
BGN 1.683441
BHD 0.376997
BIF 2995
BMD 1
BND 1.277405
BOB 12.040458
BRL 5.181501
BSD 1.000454
BTN 95.892522
BWP 14.09417
BYN 3.010995
BYR 19600
BZD 2.012171
CAD 1.423715
CDF 2309.999986
CHF 0.835405
CLF 0.024646
CLP 973.179852
CNY 6.704751
CNH 6.709685
COP 3314.79
CRC 456.985341
CUC 1
CUP 24.01166
CVE 97.750138
CZK 21.561986
DJF 177.719945
DKK 6.598698
DOP 59.697254
DZD 133.911021
EGP 51.938599
ERN 15
ETB 163.421342
EUR 0.88272
FJD 2.24775
FKP 0.756991
GBP 0.754035
GEL 2.60498
GGP 0.756991
GHS 11.699323
GIP 0.756991
GMD 73.5159
GNF 8798.844552
GTQ 7.643396
GYD 209.328131
HKD 7.84663
HNL 26.859007
HRK 6.650974
HTG 130.939066
HUF 323.646983
IDR 17897.45
ILS 3.07365
IMP 0.756991
INR 95.93015
IQD 1310.606294
IRR 1693792.500038
ISK 120.930408
JEP 0.756991
JMD 158.336929
JOD 0.709025
JPY 157.684016
KES 129.709357
KGS 87.448698
KHR 4057.22564
KMF 435.00025
KPW 900.000318
KRW 1358.609932
KWD 0.30894
KYD 0.833726
KZT 440.074329
LAK 22455.503791
LBP 89592.031739
LKR 330.60617
LRD 171.583824
LSL 16.385613
LTL 2.95274
LVL 0.60489
LYD 6.399
MAD 9.71296
MDL 17.763022
MGA 4394.578552
MKD 54.34255
MMK 2099.600314
MNT 3599.1704
MOP 8.086624
MRU 40.069045
MUR 47.760183
MVR 15.450398
MWK 1734.754084
MXN 18.076375
MYR 4.083989
MZN 63.909674
NAD 16.385685
NGN 1327.250222
NIO 36.821108
NOK 9.626335
NPR 153.428035
NZD 1.77508
OMR 0.384499
PAB 1.000449
PEN 3.44424
PGK 4.528402
PHP 62.740501
PKR 277.158584
PLN 3.85239
PYG 5852.979771
QAR 3.647324
RON 4.6567
RSD 103.766003
RUB 83.375789
RWF 1477.228194
SAR 3.755513
SBD 8.032647
SCR 13.871342
SDG 601.495377
SEK 10.00818
SGD 1.27803
SHP 0.755829
SLE 24.649652
SLL 20969.491881
SOS 571.727998
SRD 37.6215
STD 20697.981008
STN 21.576683
SVC 8.75393
SYP 13002.000254
SZL 16.377071
THB 33.619691
TJS 9.214436
TMT 3.51
TND 2.978703
TOP 2.40776
TRY 49.036597
TTD 6.787408
TWD 31.882899
TZS 2640.003023
UAH 44.690709
UGX 3921.672237
UYU 40.308767
UZS 11835.41907
VES 857.98905
VND 25962
VUV 119.008285
WST 2.76852
XAF 579.026255
XAG 0.016607
XAU 0.000240904065
XCD 2.70255
XCG 1.803098
XDR 0.707052
XOF 579.026255
XPF 105.029547
YER 236.402537
ZAR 16.43561
ZMK 9001.197648
ZMW 19.559579
ZWL 321.999592
SSP 5712.591902
MXV 2.046206
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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