Russia Is Said to Seek French-Held Uranium Assets in Niger
Post By Diaspoint | June 4, 2024
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.
Following a coup last July that ousted the west African nation’s Western-allied leader, Niger is the latest in a string of African countries, almost all military ruled, that have forged closer security ties with Russia. That’s opened the way for Moscow to seek access to mining interests as it tries to revive its Soviet-era presence in Africa, in particular by exploiting widespread resentment of France’s decades-old influence in its former colonies.
“Russia has been stepping up its economic, diplomatic, and military links in Africa, including after the Niger coup, and they see this part of the world as a strategic investment opportunity,” said Mark Hibbs, a Berlin-based nuclear analyst with the Carnegie Endowment for International Peace. “Hand in hand, Rosatom has been diversifying its uranium investments in Africa.”
It’s not clear how many assets Rosatom is seeking in Niger and the person in Moscow characterized the discussions as being at an early stage that had not reached the point of negotiations, with the terms of any transfer not yet set out.
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