PARIS, Dec 20 (Reuters) - French nuclear fuels company
Orano said on Friday it had started arbitration proceedings
against Niger, after Niger withdrew the mining licence of
Orano's subsidiary Imouraren.
Niger's military-led government has stepped up pressure in
recent months on foreign investors. A representative for the
government did not immediately respond to a request for comment.
Orano said in June that Niger had removed the mining permit
for Imouraren, and the following month Canada's GoviEx Uranium ( GVXXF )
said it too had been stripped of its right to develop a
uranium project in Niger.
Earlier this month, Orano said authorities in Niger had
seized control of its
Somair uranium mine
.
Niger accounts for about 4% of global output of uranium,
the most widely used fuel for nuclear energy.
Barrick Gold said on Wednesday it
would initiate arbitration
in its dispute with neighbouring Mali.