Niger Moves to Nationalize Somair Uranium Mine Amid Tensions

In a significant development, French state-owned nuclear energy company Orano has expressed strong opposition to Niger's decision to nationalize the Somair uranium mine. The announcement, made on Friday, comes in the wake of a tumultuous period marked by the deterioration of relationships between the company and its local partners.

Niger's intentions to take over the mine were declared late on Thursday, citing the country's need to assert control amid growing tensions. The nationalization plan follows a drastic change in the political landscape after a coup in this West African nation earlier in 2023.

This move by Niger constitutes a major point of contention with Orano, which has been operating in the region under challenging circumstances. The decision underscores the complexities of international business dynamics in politically unstable regions.

(With inputs from agencies.)