https://newsletter.en.creamermedia.com
Energy|Financial|Mining|Nuclear|Maintenance|Operations
Energy|Financial|Mining|Nuclear|Maintenance|Operations
energy|financial|mining|nuclear|maintenance|operations

France's Orano warns of financial problems at Niger uranium plant Somair

15th November 2024

By: Reuters

  

Font size: - +

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures related to mining and processing ore.

Orano owns more than 60% of Somair, while Niger's state-owned Sopamin holds the rest. Niger is one of the world's largest producers of uranium, the most widely used fuel for nuclear energy.

"What is being announced is in no way a cessation of operations or closing of the site, but merely the decision to place a stop on all nonessential expenditure in the current configuration," said Orano.

Orano, which had to reschedule maintenance operations at Somair in September, added that Somair's financial problems would also affect Somair's 750 staff.

Edited by Reuters

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 June 2025
Magazine round up | 13 June 2025
13th June 2025
Astec showcases benefits of modular plants
Astec showcases benefits of modular plants
11th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.216s - 188pq - 2rq
Subscribe Now