Base Metals
Posted By OrePulse
Published: 03 Jul, 2025 08:56
Orano’s uranium joint venture in Niger on brink of bankruptcy
French uranium mining company Orano has announced that its joint venture with Niger, SOMAIR, is facing bankruptcy due to export restrictions imposed by the country’s military government, according to a Reuters report.
The development follows the seizure of control of the mine in December 2024 by the government, which also revealed plans to nationalise the mine.
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