Mahalaxmi Ramanathan
Mahalaxmi Ramanathan

@MahalaxmiRaman

4 تغريدة Dec 07, 2024
🇳🇪🤜🇫🇷 #French #Nuclear fuels company Orano announced on Wednesday that authorities in #Niger have taken control of its Somair #Uranium Mine. This move comes as the military-led government increases pressure on foreign investors in the country.... x.com
2⃣Orano, which holds a 63% stake in the mine, stated that decisions made at #Somair’s board meetings are no longer being enforced. The remaining 37% of the mine is owned by #Niger.
3⃣At one point, #Niger accounted for about 15% of Orano’s uranium supplies when its mines were operating at full capacity. This latest development follows a decision in June when Niger revoked #Orano’s mining permit for its Imou-raren subsidiary. The
4⃣company has also been warning of interference in governance at #Somair for several months. Operations at the mine were suspended last year after #Niger authorities halted exports.
Now President #Macron will scream #Putin.

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