Saturday, September 13, 2025

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French Nuclear Firm Orano Halts Ops In Niger Following Junta, Might Get More Uranium In Canada

In a move driven by the constraints imposed by international sanctions against the military junta in Niger, French nuclear group Orano SA has announced the suspension of uranium ore processing at one of its facilities in the African nation. This decision, amid the ongoing crisis in Niger, which boasts approximately 5% of the world’s uranium reserves, raises concerns over potential disruptions to the supply of this vital material used to fuel nuclear reactors across the United States, China, and Europe.

As a result, the utility firm may find itself increasingly reliant on alternative uranium producers, such as Kazakhstan, Canada, and Australia.

Orano disclosed that the maintenance schedule for its uranium-treatment plant in Niger, initially slated to commence early next year, has been expedited due to diminishing stockpiles of the necessary chemicals required for processing. The company issued a statement on Friday, revealing that operations at its Somair mine, which holds a 37% stake owned by the Niger government, remain unaffected.

Traditionally, Orano exports uranium concentrate to Benin, where it is either redirected to France or shipped to Canada. This export pattern typically encompasses 4-6 shipments annually. To mitigate potential supply disruptions for its customers, Orano has begun sourcing uranium from its mines in Canada and Kazakhstan. While the company asserts that there is no immediate emergency, it is proactively seeking alternatives to safeguard its supply chain.

The strained relationship between Niger and France, the nation’s former colonial ruler, has been exacerbated since the military coup that took place in July, resulting in the removal of President Mohamed Bazoum. French President Emmanuel Macron has unequivocally condemned the coup, viewing it as a regional threat with broader implications.

Coming for Cameco

This comes at a time after Cameco just announced a reduced forecast on its production following the “challenges at the Cigar Lake mine and Key Lake mill.”

Production expectations at the Cigar Lake mine for the current year have been adjusted downward to approximately 16.3 million pounds of uranium concentrate (U3O8) on a 100% basis. This represents a reduction from the previous projection of 18 million pounds U3O8 (100% basis). The revision in forecasts is attributed to the commencement of mining activities from a new zone within the orebody (referred to as the west pod) during the second quarter of this year, which had an adverse impact on productivity. Furthermore, during the third quarter, operational challenges stemming from equipment reliability issues continued to affect performance.

Meanwhile, at the Key Lake mill, efforts to scale up operations are ongoing. However, it is essential to note, that uncertainties persist regarding planned production levels in 2023 at Key Lake. These uncertainties are primarily driven by factors including the duration of the facility’s period of care and maintenance, operational adjustments made during this time, the availability of personnel possessing the requisite skills and experience, and the influence of supply chain disruptions on the accessibility of materials and reagents.

“This expected production shortfall further highlights the growing security of supply risk at a time when we believe the demand outlook is stronger and more durable than ever and where the risk has shifted from producers to utilities,” Cameco said in a statement.


Information for this briefing was found via Bloomberg and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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