Mining activities in Niger: Orano announces a loss of 133 million euros in the first half of 2024 : Orishas-finance

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Mining activities in Niger: Orano announces a loss of 133 million euros in the first half of 2024

30/07/2024

Source : ORISHAS-FINANCE

Categories: Raw materials

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Mining activities in Niger: Orano announces a loss of 133 million euros in the first half of 2024

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Due to a “very degraded” political context since the arrival of the military regime in Niamey (Niger), the Orano group ended the first half of 2024 with a loss of 133 million euros, in particular hampered by its difficulties in conducting its mining activities in Niger.

During the presentation of his results, the managing director of the Orano group, 90% owned by the French State, Nicolas Maes indicated that “the situation is very deteriorated due to logistical difficulties and the refusal of the junta to allow uranium exports”. Its half-year results, marked by heavy depreciations linked to these historical mining activities in Niger, are back on track, after a better year

2023.

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