Niger’s military-led government has declared its intention to nationalize French-controlled uranium assets, citing longstanding disputes with Orano, a subsidiary of France’s Orano group. The junta alleges that Orano has engaged in operational failures, environmental negligence, and unfair compensation for the country’s resources. This decision comes amid mounting pressure from Niger’s leadership to assert greater control over its natural wealth, particularly in the face of global demand for nuclear energy materials.
The move has triggered immediate diplomatic concerns, with France and other European nations expressing reservations about the potential impact on international trade and investment. Orano, which has operated the mine for decades, has reportedly denied the allegations, calling them ‘politically motivated’ and emphasizing its commitment to responsible mining practices.
Analysts suggest that this development could reshape the dynamics of the uranium market, which is critical for nuclear power plants worldwide. While the junta claims the nationalization is a step toward economic sovereignty, critics warn of the risks involved in managing such a valuable resource without sufficient expertise or infrastructure. The situation remains fluid, with both sides engaged in ongoing negotiations to resolve the standoff.