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France's Orano is exploring the sale of Niger uranium, reports FT

France's Orano is exploring the sale of Niger uranium, reports FT

The Financial Times reported that the French nuclear fuel company Orano, owned by the French government, is looking to sell its uranium assets located in Niger, following the breakup of its relationship with Niger's military leaders.

The uranium mining company said that on Tuesday it filed a lawsuit in Niger courts for "arbitrary arrests, illegal detentions and unjustly confiscated property" which involved its staff and assets.

Orano claimed it was unable to reach its Niger mining director, Ibrahim Courmo. Sources said earlier this month that Courmo had been taken to the headquarters of Niger's external intelligence agency General Directorate of External Documentation and Surveillance.

Orano announced in early December of last year that the Niger military government, which took power through a coup 2023, now controls the Somair Mine, a mine in which Orano holds about 63% of the stake, and the government the rest.

The company had also a mining license for its subsidiary Imouraren strip in June 2024.

Orano stated in a press release that its priority was the ongoing international arbitral process. It added that "several interested parties have expressed interest in the mining assets owned by the group in Niger, and they are free to make offers if so desired". (Reporting by Harshita Meenaktshi in Bengaluru. Gareth Jones, Susan Fenton and Gareth Jones edited the story.

(source: Reuters)