Deal #5365

Niger
Created at
2016-12-14
Last update
2020-10-30
Last full update
2017-01-13

Land area

Intended size
50 000 ha
Size under contract (leased or purchased area)
  • [2009, current] 50000.0 ha
Comment on land area
500 sqkm. Another data source states size is 20 000ha.

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2009, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2014] Project not started
  • [2016] Project abandoned
  • [2019, current] Project not started
Comment on implementation status
"In accordance with the signature of the strategic partnership agreement between the State of Niger and AREVA of Mai 26, 2014, with current uranium prices not sufficient to allow profitable operation of the IMOURAREN deposit, the State of Niger and AREVA will set up a joint strategic committee which will take a decision on the schedule for the start of mining of the deposit depending on changes in the market."- the project has been put on hold. Areva stated that mining wouldn’t continue before January 2017. The company is now trying to sell the mining permits. The 2019 annual report states that project optimization studies are underway and that the project will restart when uranium prices permit.

Contract farming

Contract farming
No