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French nuclear group, Orano announces 1 500 metric ton stockpile of uranium in Niger mine

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French nuclear group, Orano says 1 500 metric tons of uranium are stockpiled at its expropriated SOMAIR mine in northern Niger

The group say it will seek compensation and pursue criminal charges if the material is seized or sold without authorisation. A source at the mine said Niger had not yet sold any uranium although potential buyers include Iranians, Russians and Turkey. Orano launched arbitration at the World Bank’s International Center for the Settlement of International Disputes in January after Niger’s military government blocked operations at SOMAIR before moving to nationalise it.

–Reuters–