French nuclear fuels company Orano has lost control of its Somair uranium mine in Niger, citing governance issues and interference by Nigerien authorities. The company, which owns more than 60% of Somair, had already suspended production after Niger halted uranium exports last year.

Niger, responsible for approximately 4% of global uranium output, has long been a key supplier for Orano, a significant player in the nuclear energy sector. However, the situation for international companies in the country has grown increasingly precarious following a military coup last year.

Orano revealed that the Somair board's recent resolution on November 12, which aimed to suspend production-related expenditures to safeguard funds for salaries, is being deliberately disregarded. The company had been warning for months about interference in Somair's governance, and the recent development has further deteriorated the company's financial situation.

When operating at full capacity, Niger accounted for roughly 15% of Orano's uranium supply. Despite the disruption, Orano has managed to compensate for the loss by increasing production at its mines in Canada and Kazakhstan. However, the loss of control over Somair is a significant blow to the company's operations in Niger.

The shift in Niger's focus towards a new alliance, officially ending its defense pact with France, has led to the country seeking to strengthen its ties with Russia and Turkey, both of which are keen to tap into Niger's abundant mineral resources. This new alliance has significant implications for the global nuclear energy sector, as Niger is a key player in the uranium market.

Neighboring military-led governments in Mali and Burkina Faso are also vying for greater control of their resources, as Russia's influence in the region continues to expand. This trend is likely to have far-reaching consequences for international companies operating in the region, as well as the global energy landscape.

In conclusion, Orano's loss of control over Somair uranium mine in Niger is a significant development in the global nuclear energy sector. The implications of this event are far-reaching, with potential consequences for international companies operating in the region, as well as the global energy landscape. As the situation continues to unfold, it remains to be seen how Orano and other companies will adapt to the changing landscape in Niger and beyond.