Niger plans to revoke Canadian company’s uranium mining license

Ecofin agency reported that the government of the Republic of Niger is going to revoke the license to mine uranium ore from the Canadian company GoviEx, TASS reports

photo: www.reuters.com

It is noted that since the Canadian company was issued a mining license in 2015, Niger is still awaiting the promised start of uranium ore mining there. The authorities have said they will revoke the license if production does not begin by June 3rd, 2024.

In line with Article 39 of the Niger Mining Code, the country can do this legally, because it obliges license holders to begin mining two years after its issuance.