Niger Junta Seizes French Nuclear Giant Orano's Uranium Mine
Niger's military government took control of Orano SA 's uranium mine, escalating a standoff with the French nuclear-power company.
The junta took action after accusing Orano of violating its shareholder agreement by extracting more uranium than its 63.4% stake in a local affiliate allows, according to cabinet meeting minutes published in the capital, Niamey, on Thursday. It also criticized the company for halting operations, repatriating French staff and signaling that it may sell off its assets.
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