Niger has commenced copper mining in the Agadez region to bolster its mineral industry, issuing a permit to Compagnie Miniere de l’Air. The mine is expected to produce 2,700 tonnes of copper annually while creating jobs and revenue. Additionally, lithium mining is being initiated, with Niger asserting more control over its natural resources.
Niger has initiated copper mining operations in its northern desert to diversify and enhance its mineral industry. The government has issued a permit to Compagnie Miniere de l’Air (Cominair SA) for mining in the Agadez region, which is an integral part of its strategy to exploit new mineral resources. This move positions Niger as a producer of copper, a valuable metal utilized in electronics and construction, among other sectors.
The new copper mine is projected to yield approximately 2,700 tonnes of copper annually for a decade, generating around 300 jobs and potentially millions in revenue, with copper prices currently at about $9,000 per tonne. Concurrently, Niger’s government has also authorized a lithium mining venture, awarding a permit to Compagnie Miniere de Recherche et d’Exploitation (Comirex SA) in the same region, which is expected to produce 300 tonnes per year for the next five years.
The state of Niger retains a 25 percent stake in the copper mining operation and a 40 percent share in the lithium mining initiative. These developments are part of the military government’s broader agenda to assert control over the country’s natural resources following its rise to power in July 2023. Notably, the government has revoked a lithium mining permit previously held by Orano, a French company that had operated in Niger for five decades.
Orano, which was managing the Imouraren site known for its significant uranium reserves, has expressed dissatisfaction with the government’s action, maintaining that it was unjustly ousted. In addition to copper and lithium, Niger already exploits uranium, gold, and oil, and these new mining projects are intended to elevate its mining sector’s contributions to the national economy.
In conclusion, Niger’s launch of copper mining marks a significant step towards enhancing its mineral sector and overall economy. The anticipated production of both copper and lithium is expected to generate substantial employment and revenue. The government’s efforts reflect a strategic shift to assert greater control over the country’s natural resources, aiming to secure a prosperous future for Niger amid changing geopolitical landscapes.
Original Source: globalsouthworld.com
