Orano is expanding uranium production by developing the Zuuvch Ovoo mining project in Mongolia and revisiting operations in Namibia following disruptions in Niger. Rising global demand for uranium coupled with geopolitical considerations is driving this shift. The company anticipates maintaining strong revenues despite challenges in existing projects.
Orano, a French nuclear fuel producer, aims to boost uranium output by exploring new mines in Mongolia and other areas to meet the increasing demand from the nuclear power sector. CEO Nicolas Maes indicated that these initiatives are essential to compensate for production setbacks from Niger, where operations have been disrupted since a military coup in 2023.
In summary, Orano is strategically diversifying its uranium supply sources by developing projects in Mongolia and reconsidering operations in Namibia. This approach aims to mitigate geopolitical risks and align with the growing global demand for nuclear energy while navigating challenges in Niger. The company’s revenues are also expected to remain strong amid these changes.
Original Source: www.channelnewsasia.com
