France’s Nuclear Power Leader Declares Niger Uranium Mine Near Collapse
In a striking development for the global uranium market, French uranium miner Orano has raised alarms regarding its majority-owned joint venture, SOMAIR, in Niger. The company foresees an impending bankruptcy, a situation exacerbated by a year-long series of export restrictions enforced by Niger's military-led government.
Niger, a nation that contributes around 4% to global uranium production, has historically been a vital supplier for Orano—a notable force in the nuclear energy sector. This relationship,…