PARIS, Dec 4 (Reuters) - French nuclear fuels company
Orano said on Wednesday that authorities in Niger have taken
control of its Somair uranium mine as the military-led
government steps up pressure on foreign investors in the West
African country.
Orano, which owns about 63% of the mine, said in a statement
that decisions taken at Somair board meetings were no longer
being applied. Niger owns the remaining stake in Somair.
"Orano is today confirming that Nigerien authorities have
taken operational control of the company," it said.
The business climate for international companies in Niger,
which accounts for about 4% of global output of uranium, has
become uncertain after a military coup last year.
Uranium is the most widely used fuel for nuclear energy and
Orano, which has operated mines in Niger for years, vowed to
"defend its rights before competent bodies" in order to allow
Somair to operate normally, without giving details.
Officials at the Niger embassy in Paris did not immediately
respond to a request for comment from Reuters.
Niger accounted for about 15% of Orano's uranium supplies
when its mines were operating at full capacity. The company has
said the halt in exports from Niger has been fully offset by a
ramp-up of mines in Canada and Kazakhstan.
In June, Orano said Niger had removed a mining permit for
its Imouraren subsidiary. Canada's GoviEx Uranium ( GVXXF ) said
it had been stripped of its right to develop a uranium project
in Niger in July.
Orano said it has been warning for several months of
interference in governance at Somair, where it was forced to
suspend production after authorities halted exports last year.
It said a resolution adopted by the Somair board on Nov. 12
to suspend expenditure related to production to preserve funds
for salaries was being deliberately ignored and this was
"further deteriorating the company's financial situation".