Niger's Nationalization Move: A New Phase in West Africa's Resource Control

Niger has revealed plans to nationalize the Somair uranium mine, presently operated by France's Orano, amid escalating tensions post-2023 coup. Accusations of unequal profit sharing have been a focal point, emphasizing the French company's disproportionately large share in the mine's output.

The decision forms part of a growing trend in West Africa, where nations are reclaiming control over precious resources from foreign entities, sparking concern among international investors who have significant financial stakes in the region.

Orano faces additional challenges, including arbitration pursuits and legal disputes in Niger, alongside criticism for its operational conduct. These strifes occur in a context where other nations like Mali and Burkina Faso are also nationalizing key mineral assets.

(With inputs from agencies.)