FLASHBACK 2014 - Niger fails to reach uranium mining deal with French nuclear firm Areva | WHAT REALLY HAPPENED


FLASHBACK 2014 - Niger fails to reach uranium mining deal with French nuclear firm Areva

Another deadline has passed without agreement in Niger in the government's ongoing negotiations with the French nuclear company Areva on the renewal of the company's license to operate in the country.

After months of discussions, the mining minister, Omar Tchiana, said last week that Friday would be the final deadline for the two sides to strike a deal. Now it has been agreed that talks will continue without a fixed deadline.

The negotiations are deadlocked on the issue of the royalties Areva pays Niger for the rights to two large uranium mines, Somair and Cominak in the arid north of the country. The terms of the original deal struck in the early 1970s have never been made public, but government sources say the company pays about 5.5% of its revenues in royalties. Niger wants the terms of a new mining code passed in 2006 to be implemented, which would force Areva to pay between 12% and 15% in royalties, and end a number of tax breaks on materials and equipment.

Webmaster's Commentary: 

That may explain why the US is in Niger. It's a replay of Afghanistan.

Afghanistan wanted a high price for the oil and gas pipeline right of way. The oil companies decided it was cheaper to regime change Afghanistan!

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