Niger

Russia Is Said to Seek French-Held Uranium Assets in Niger

Author: Editors Desk Source: Bloomberg
June 3, 2024 at 08:31
Coup supporters wave Russian flags in Niamey, Niger, in August 2023.Source: AFP/Getty Images
Coup supporters wave Russian flags in Niamey, Niger, in August 2023.Source: AFP/Getty Images
    • Rosatom said to have contacts with junta on French-held mines
    • Russia expands presence in Africa amid confrontation with West

Russia is seeking to take over uranium assets in Niger held by a state-controlled French company, according to people informed about the matter, in a further challenge to Western interests in Africa.

Rosatom, Russia’s state nuclear company, has had contacts with Niger’s military-led authorities about acquiring assets held by France’s Orano SA, according to a person in Moscow familiar with the matter, who asked not to be named because the discussions are private. A western diplomat based in the region said talks were likely centered around mining permits. Niger accounted for about 4% of global uranium mine production in 2022, according to the World Nuclear Association.

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