2024-07-27 02:44:22
Orano gained weight through his activities in Niger. The junta that has been in power for a year decided in June to take over the French group, which specializes in nuclear fuel, from the Imouraren mine. As a result, Orano ended the first half with a loss of 133 million euros.
Published on: 07/27/2024 – 04:44
1 min
The loss was caused by reductions and provisions made in the first half. An orange holder Niger 63% of its branches, in Somaïrwhich operates the Arlit uranium mine in the north of the country.
However, exports of precious oil, whose global prices are doing well, have become unviable since the CNSP came into power a year ago. Without exports, Somaïr is experiencing financial difficulties. To maintain the company’s equipment and pay salaries, the Orano subsidiary was forced to sell uranium stocks while it was decided to finance the closure of the next site.
Hidden savings directly affect team results. The charges concern the exploitation permit for the Imouraren deposit that was revoked in June by the military government. The financial director of the group said this Friday. Orano is “ there is no visibility on the decisions that can be taken ».
The group assures its customers based on the diversity of its sources of supply, but the situation in Niger is complicated and Somaïr’s future is uncertain. The department may focus on payments in the coming months, Orano warned.
Read againSouth Africa: the only nuclear power plant on the continent authorized to operate until 2044
#Frenchman #Orano #weighed #retreats #Niger