(2 Minutes Read)
One major issue for the loss of the French company is Niger’s decision in June to strip the company of the Imouraren mine, the largest in the world, with estimated reserves of 200,000 tons.
The French nuclear fuel specialist Orano, reported a loss of 133 million euros for the first half of the year, which contrasts with the first quarter of 2023,. During that trajectory, the company posted a net profit of 117 million euros.
One major issue for the loss of the French company is Niger’s decision in June to strip the company of the Imouraren mine, the largest in the world, with estimated reserves of 200,000 tons.
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Also, Somair, the subsidiary 63% owned by Orano, is struggling to export uranium from its Arlit operations in northern Niger due to an export ban imposed by the military government in Niamey, which has been in power for a year. Because of these developments, the company was forced to sell its uranium production, originally intended to finance the closure of the site.
