Orano warns of financial problems at Niger uranium plant

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Orano warns of financial problems at Niger uranium plant
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Paris – French nuclear fuels company Orano warned on Friday of a “deteriorating financial situation” at its Somair uranium plant in Niger, as the West African nation increasingly looks to new partners such as Russia in its mining sector.

Orano said in October it had been forced to suspend production at the Somair mine in the north of Niger following last year’s closure of the main export corridor. “The French state, through its head of state, has declared that it does not recognise the current authorities in Niger. Does it seem possible to you that we, the state of Niger, would allow French companies to continue extracting our natural resources?” said Ousmane.

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