In a significant escalation of its ongoing disputes with France, the military junta of Niger has announced intentions to nationalize the locally operated uranium company, Somaïr. This firm, which is primarily owned by the French nuclear fuels company Orano, has been accused by the Nigerien government of engaging in "irresponsible acts." Since seizing control in 2023, the junta has aimed to assert local governance over the nation's rich mineral resources while distancing itself from its former colonial power, France, in favor of closer ties with Russia.
Niger ranks as the seventh-largest producer of uranium globally and holds the continent's highest-quality ores. The junta stated that nationalization would foster healthier management of mining resources and ensure a sustainable benefit for Nigerien citizens. Orano has yet to formally respond to these developments.
Historically, Orano has operated in Niger for several decades with a 63% stake in Somaïr, but last year the military seized operational control amid rising tensions. Reports from Reuters indicate that Orano, which is state-owned by France, is pursuing legal action against Niger regarding this nationalization.
The relationship between Niger and its former colonial master has long been fraught; since gaining independence in 1960, many Nigeriens perceive the traditional agreements as a means of ongoing French dominance over their uranium resources. While this move may enhance local control, analysts warn about the uncertain future for jobs and export revenue in the mining sector as a result of these developments.
