NIAMEY/PARIS, June 20 (Reuters) - Niger plans to
nationalise the Somair uranium mine operated by France's Orano
after months of worsening relations between the French
state-owned company and its local partners following a 2023 coup
in the West African nation.
Niger's decision to nationalise Somair comes amid a wave
of mine nationalisations across West Africa, prompting concerns
from global miners and other foreign investors who have invested
billions of dollars into the region.
In a statement late on Thursday, Niger accused the French
company of taking a disproportionate share of the mine's
commercialised production compared to its shareholding.
"According to the shareholders' agreement, the uranium
produced by SOMAÏR is removed by the shareholders in proportion
to their respective stakes. However, the figures....are far from
reflecting this sharing rule," the statement said.
Orano holds a 63% stake in Somair, while Niger's state-owned
Sopamin owns the remainder, but the government said Orano had
taken 86.3% of production between 1971, when the mine was
launched, and 2024, without elaborating.
It also accused Orano of what it called "irresponsible,
illegal and unfair" behaviour pointing to the company's decision
to withdraw French nationals working on the project, disconnect
it from the group's IT system, and halt production at the mine.
Orano declined to comment on Niger's plans to nationalise
Somair. It did not immediately respond to a request for comment
on the government allegations.
Orano has been pursuing arbitration against Niger and
filed lawsuits in the country against state actions, and had
warned of government interference at Somair, which it said was
damaging the mine's financial situation.
It was exploring a potential sale of its stake in Somair,
after Niger blocked uranium exports from the mine and took
control of it, according to a Financial Times report in May.
The government seized control of the mine in December.
In neighbouring Mali, Canada's Barrick Mining ( B ) had
its Loulo-Gounkoto gold complex placed under state control by a
court on Monday in a major escalation of a dispute over taxes
and ownership.
Burkina Faso has also nationalised five gold mines this
month.