BBC reports that adversaries in Niger, one of the biggest uranium producers in the world of the metal and is the country largest export. The country is said to have lost $3.25 million. Their complaint alleges embezzlement of public funds, money laundering, forgery and conspiracy to defraud. The legal action centers on the allegation that Areva in 2011 bought stock from Niger at a discounted price. Niger has two significant uranium mines that provides 7.5% of the world mining output from Africa highest-grade uranium ores (to date), according to the World Nuclear Association, the international organisation that represents the global nuclear industry.
Niger first commercial uranium mine began operating in 1971, with a strong government support for expanding uranium mining. Terrorists have been active in Niger a few years ago but were managed by government forces.
Managed & Built by I2M Consulting, LLC | © 2010-
