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14/12/2024
Mining News

Niger pursues Russian investment in mining as relations with France deteriorate

Niger is seeking to attract Russian companies to invest in its uranium and other natural resource sectors, as relations with France continue to deteriorate. The move comes after French nuclear giant Orano suspended uranium production in Niger, following the military junta’s seizure of power in July 2023 and a growing diplomatic standoff.

In an interview with Russia’s Ria Novosti press agency, Niger’s mining minister, Ousmane Abarchi, confirmed that the country had already held discussions with Russian firms interested in exploring and exploiting Niger’s rich natural resources, not limited to uranium. “We have already met with Russian companies that are interested in coming to explore and exploit Niger’s natural resources… not only uranium,” Abarchi said.

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The minister also highlighted the strained relationship with France, noting that the French government, through its president, has refused to recognize Niger’s military-led authorities. “Does it seem possible in this case that we, the State of Niger, accept that French companies continue to exploit our natural resources?” Abarchi questioned.

Niger, which is the world’s seventh-largest uranium producer, has been critical of France’s stance and is seeking to overhaul its mining regulations to assert more control over its vast mineral wealth. This includes the controversial decision to revoke a permit for Orano’s Imouraren uranium mine, one of the largest deposits globally, and difficulties with uranium exports following the closure of Niger’s border with Benin, which Niamey cites as a security measure.

Abarchi’s comments reflect a broader trend in West Africa, where several countries have shifted away from traditional ties with France, seeking new strategic alliances, particularly with Russia. Niger’s efforts to revamp its mining industry reflect its desire to capitalize on its natural resources and diversify foreign partnerships in the face of ongoing tensions with former colonial powers.

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