Niger has launched copper and lithium mining initiatives in the Agadez region to diversify its mineral sector and boost its economy. The copper project is set to produce 2,700 tonnes annually for ten years, while a lithium venture will yield 300 tonnes per year for five years. This move represents a strategic control over natural resources by the new military government.
Niger has initiated copper mining in the northern desert to enhance its mineral sector. The government granted operational permits to Compagnie Miniere de l’Air (Cominair SA) for mining in the Agadez region, aiming to diversify and develop new mineral resources. This marks a significant leap for Niger as it joins the ranks of copper-producing nations.
The newly established mine is projected to yield approximately 2,700 tonnes of copper annually over the next decade, potentially creating around 300 jobs and generating significant revenue for the nation, given the current copper price of about $9,000 per tonne. Additionally, Niger’s government has also approved a small-scale lithium mining operation through Compagnie Miniere de Recherche et d’Exploitation (Comirex SA) in Agadez, expecting to produce 300 tonnes per year for five years.
The Nigerien state maintains a 25% ownership in the copper mining venture and 40% in the lithium project. This development is part of the military government’s strategy to exert greater control over the nation’s mineral resources following their rise to power in July 2023. Notably, the government rescinded a lithium mining permit from the French firm Orano, which has operated in Niger for five decades.
Orano had been involved in uranium activities at the Imouraren site, known for its estimated 200,000 tonnes of uranium. The company’s response to the government’s actions highlighted their discontent, suggesting they were improperly ousted. Niger’s economy relies on existing uranium, gold, and oil production, with the copper and lithium initiatives being pivotal to enhancing mining operations and revenue.
Niger’s entry into copper mining signifies a strategic effort to expand its mineral industry and boost economic growth through job creation and enhanced resource management. The simultaneous development of a lithium project further exemplifies the country’s commitment to diversifying its mining portfolio while asserting control over its mineral resources.
Original Source: globalsouthworld.com
