Orano: Update on the Situation of the Imouraren Mining Project in Niger
June 20 2024 - 1:31PM
Business Wire
Regulatory News:
Orano takes note of the Niger authorities' decision to withdraw
from its subsidiary Imouraren SA its permit to exploit the deposit,
despite the resumption of activities on site, pursuant to the
expectations they had expressed.
Engaged in Niger for more than 50 years, Orano together with its
partners, through its subsidiaries, contributes to the development
of the country's uranium potential and to the development of the
regions of Northern Niger.
Orano has always been committed to a responsible approach based
on partnership and transparency, acting in continuous consultation
with the State of Niger and local stakeholders, notably under the
ambitious, long-term roadmap defined in the global partnership
agreement signed in May 2023.
Current market conditions, with a favorable rise in the price of
uranium, make it once again possible to consider bringing Imouraren
into production. This being the case, and at the authorities'
request, Orano had submitted a concrete technical proposal to the
State of Niger, enabling this development to take place as quickly
as possible.
To this end, the infrastructures have already been reopened
since June 4, 2024, to accommodate the construction teams and move
the work forward.
Orano fears that this decision to withdraw the mining permit for
the deposit will have a negative impact on the economic, social and
societal development of the region.
Orano remains willing to keep all channels of communication open
with the Niger authorities on this subject, while reserving the
right to challenge the decision to withdraw the mining permit
before the competent national or international jurisdictions.
About Orano
As a recognized international leading operator in the field of
nuclear materials, Orano delivers solutions to address present and
future global energy and health challenges. Its expertise and
mastery of cutting-edge technologies enable Orano to offer its
customers high value-added products and services throughout the
entire fuel cycle. Every day, the Orano group’s 17,500 employees
draw on their skills, unwavering dedication to safety and constant
quest for innovation, with the commitment to develop know-how in
the transformation and control of nuclear materials, for the
climate and for a healthy and resource-efficient world, now and
tomorrow.
Orano, giving nuclear energy its full value.
www.orano.group
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