Niger Seizes Uranium Mines, Shifts Focus to Russian Investments

  • Niger’s government takes control of uranium mines previously managed by French company Orano.
  • The Junta revoked Orano’s mining license, declaring uranium a public domain resource.
  • Relations with France worsen following the military takeover in July 2023.
  • Niger invites Russian companies to invest in uranium and other resources.
  • Orano faces financial losses and production halts amid escalating challenges.
  • New mining laws aim to increase taxes on foreign companies, ensuring better deals for resource exploitation.