A French Nuclear Fuel Company Estimates Large Losses In The Face Of Niger’s Difficulties

According to statistics released on Friday, the French nuclear fuel expert reported a loss of 133 million euros for the first half of the year. In comparison, the corporation reported a net profit of 117 million euros for the first quarter of 2023.

However, the business is having trouble this year. The decision made by Niger in June to deny the corporation access to the Imouraren mine, the world’s largest with 200,000 tons of estimated deposits, is one of the main problems.

But the business is having problems this year. Niger’s June decision to deny the business access to the world’s largest mine, Imouraren, which has reserves estimated to be 200,000 tons, is one of the main issues.

Furthermore, Somair, the Orano subsidiary that owns 63 percent of the company, is having difficulty exporting uranium from its Arlit facilities in northern Niger. This is because the military administration in Niamey, which has been in charge for a year, has an export embargo in place.

The corporation was compelled to sell its uranium production in reaction to these difficulties, even though the original plan was to use the proceeds to pay for the site’s shutdown.