Niger has launched copper mining to diversify its resource exploitation, granting a permit to Cominair SA. The military government aims for significant output, with projections of 2,700 tonnes annually and job creation. Additionally, a lithium mining permit has been issued to Comirex SA, indicating broader ambitions to nationalize mining rights previously held by foreign companies, like Orano.
Niger has officially initiated the start of copper mining in its northern desert region, aiming to diversify its raw materials production. This decision comes as the country, already known for its uranium production, has granted a mining permit to Compagnie Miniere de l’Air (Cominair SA) in the Agadez area.
The military government, which came into power following a coup in July 2023, stated this move would integrate Niger into the small group of nations producing copper, a mineral deemed strategically important. They emphasized that this step is part of a broader initiative to enhance the nation’s mining output.
Research predicts that the newly developed copper mines could yield approximately 2,700 tonnes annually for the next decade, generating around 300 jobs and significant state revenue, with copper currently trading at about $9,000 per tonne.
Additionally, Niger has awarded a permit for small-scale lithium mining to Compagnie Miniere de Recherche et d’Exploitation (Comirex SA) in the Dannet area, also located in Agadez. This lithium operation is projected to produce around 300 tonnes per year over the next five years.
The Nigerien state retains a 25 percent stake in Cominair and 40 percent in Comirex. Since the military’s ascension, efforts have been made to nationalize mining operations. A lithium extraction permit previously granted to French company Orano has since been revoked, reflecting the government’s commitment to controlling mining resources.
Orano’s involvement in the substantial Imouraren deposit, with estimated reserves of 200,000 tonnes, faced criticism from the company following its removal, citing governmental interference. Niger continues to enhance its mining ambitions, also producing oil and gold alongside uranium.
Niger’s recent copper mining initiative signifies its strategic shift to diversify mineral production. With a substantial copper yield projected, along with the introduction of lithium mining, the military government aims to generate jobs and state revenue while exerting national control over resources, shifting away from foreign dominance in the sector.
Original Source: business.inquirer.net
