Orano has commenced international arbitration against the Nigerien government for the withdrawal of its mining license for the Imouraren uranium project. This action follows failed attempts at mediation, with Orano re-engaging for resource development work before the license revocation. Similar disputes arise with other mining companies, indicating a tense relationship between the Nigerien authorities and foreign investors.
Orano, a French corporation, has initiated international arbitration proceedings against the Nigerien government following the revocation of its mining license for the Imouraren project in June. The company expressed that this action follows numerous unsuccessful attempts at resolving disputes through mediation and conciliation. The Imouraren site, known for its significant uranium reserves, is a critical asset for both Orano and Niger’s mining sector.
Located approximately 80 kilometers south of Arlit and 160 kilometers north of Agadez, the Imouraren project boasts over 200,000 tons of uranium reserves, positioning it among the largest of its kind globally. The operating company, Imouraren SA, is predominantly controlled by Orano Expansion (66.65%), with the Niger government holding the remaining 33.35%. Although the firm received an operating permit in 2009, project development was suspended in 2015 due to adverse market conditions.
Despite resuming preliminary work earlier this year, the Nigerien authorities unexpectedly revoked the license shortly after Orano submitted a comprehensive technical proposal aimed at expediting the deposit’s exploitation. Orano has retained the law firm Clay Arbitration to represent its interests in the ongoing arbitration process.
Additionally, this development follows similar actions against Canadian company GoviEx Uranium, whose mining rights for the Madouela uranium project were also withdrawn in July. GoviEx has since launched proceedings against Niger, alleging breaches of legal obligations regarding its permit withdrawal.
The Imouraren project in Niger represents one of the world’s most substantial uranium reserves, which is vital for the global energy and nuclear industries. Orano, initially awarded a mining license in 2009, encountered obstacles leading to a suspension of operations in 2015. The recent withdrawal of the license highlights ongoing tensions between the Nigerien government and foreign mining companies, prompting legal disputes and arbitration claims to rectify perceived injustices.
In summary, Orano’s arbitration proceedings against Niger stem from the abrupt withdrawal of its mining license, following efforts to mediate disputes without resolution. The Imouraren project is crucial due to its large uranium reserves, and this case reflects broader challenges faced by foreign mining ventures in Niger. The outcomes of these proceedings may have significant implications for future investment in the country’s mining sector.
Original Source: www.world-nuclear-news.org
