Niger president seeks better value for uranium

18 Jul, 2011

Niger, a major supplier of uranium to the French nuclear sector, wants a better price for its supplies, President Mahamadou Issoufou told state TV. Issoufou, who came to power after March elections that ended just over a year of military rule, said the poor desert state was determined to make the most of its resources.
"I am absolutely determined that our resources under the ground support the economic and social development of Niger," he said in Saturday's address, which marked his first 100 days in office.
Around a third of Niger's export revenue comes from uranium. It is also targeting a start in oil production from the first quarter of next year. France's Areva controls production of uranium from two mines around the northern town of Arlit. Output is around 3,000 tonnes a year, with Niger set to rival Canada as the world's second-largest producer after Kazakhstan when a third mine, Imouraren, comes on line with 5,000 tonnes from 2013-2014.

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