www.unuudur.com » No deal: Areva and Niger miss deal deadline again

No deal: Areva and Niger miss deal deadline again

[Нийтэлсэн: 22:19 03.03.2014 ]


Nuclear energy company Areva and the Niger government have once again missed the deadline to reach an agreement over extraction contracts, adding to negotiations that have dragged on for two years already

Niger’s mining minister has said that from now on talks will continue without a fixed deadline, the Guardian reported.

Areva’s 10-year uranium mining contract expired at the end of last year.

The major sticking point is the government’s wish to increase Areva’s royalty payments to between 12% and 15%, as per a 2006 mining law from which Areva believes it should be exempt. Though the company’s original contract with Niger is not public, its believed Areva pays about 5.5% of its revenues in royalties.

The uranium miner doesn’t have much support. Even its own government said earlier this month that Niger’s demands were “legitimate.”

Humanitarian group OXFAM has mounted a campaign against Areva, saying that Somaïr and Cominak’s tax exemptions are unfair, especially considering that Niger accounts for 40% of Areva’s uranium production.

“In France, one out of every three light bulbs is lit thanks to Nigerien uranium,” OXFAM notes on its website. “In Niger, nearly 90% of the population has no access to electricity.”

“It is incomprehensible that Niger, the world’s fourth-largest uranium producer and a strategic supplier for Areva and France, is not taking advantage of the revenue from this extraction and remains one of the poorest countries on the planet,” OXFAM wrote.

Areva has rejected OXFAM’s criticisms, saying that it contributes enormously to the Nigerien economy.

“In 2013, 90% of direct revenue from the mines went to the State of Niger,” the company claimed last week.

However, what goes on between the Niger government and Areva is not well known. Although information on the Nigerien government’s uranium revenues has been public since 2006, “the current negotiations between Areva and the government are still less than transparent,” the Guardian notes.

According to a recent report from Reuters, the mines pay no export duties and “no taxes on materials and equipment used in mining operations.”

Meanwhile Nigeriens have begun to take note of these talks; protesters gather nearly every week to demand a better deal for Niger, according to AllAfrica.

Ana Komnenic


Mongolia Celebrates 60 Years in the United Nations
[Нийтэлсэн: 03.11.2021 ]
[Эх сурвалж: ]
SouthGobi Announces Profit Warning and Business Update
[Нийтэлсэн: 29.10.2021 ]
[Эх сурвалж: ]
Coal truckers stuck at Mongolia-China border
[Нийтэлсэн: 29.10.2021 ]
[Эх сурвалж: ]
Chile protests take toll on Antofagasta quarterly output
[Нийтэлсэн: 23.01.2020 ]
[Эх сурвалж: ]
Metallurgical coal prices starting to slip: Fitch
[Нийтэлсэн: 02.10.2018 ]
[Эх сурвалж: ]
Copper price plunges to 1-year low
[Нийтэлсэн: 14.07.2018 ]
[Эх сурвалж: ]
Global Religion and the United Front: The Case of Mongolia
[Нийтэлсэн: 11.07.2018 ]
[Эх сурвалж: ]
Thermal coal prices hit 6-year high
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]
Former Rio Tinto exec jailed for corruption in China let free
[Нийтэлсэн: 09.07.2018 ]
[Эх сурвалж: ]

Get Flash to see this player.