Niger sows seeds for uranium boom
An uptick in global interest for nuclear energy has rekindled focus on Niger's uranium resources. But the production from a new mine is still a relatively long way off.
As the mining industry struggles to take in the impact of the historic sanctions slapped on Russian banks and capital by Washington, Brussels and London, Russia's private and state-owned mining firms on the continent are preparing for when their funds run dry.
New legislation enabling uranium to be mined without contravening Botswana's nuclear non-proliferation legislation should benefit the Letlhakane Uranium Project, which Australia's A-Cap Energy has been working on for more than 10 years.
At the end of December, the Niamey Court of Appeal handed down two death sentences and five acquittals in the case of the alleged instigators of the May 2013 terrorist attacks against a subsidiary of Orano (formerly Areva) and the Nigerien town of Agadez.
While French nuclear group Areva has put its Nigerien Imouraren uranium project under wraps for the time being, some investors are taking the opposite approach. With optimism abound, they are banking on prices recovering and jostling to get a foothold [.