Kinshasa, September 23, 2024 – The Nigerien government’s decision to approve the creation of two national companies to control the production of gold and uranium appears to be a crucial step in the management and development of the country’s mineral resources. The creation of the Mazoumawa National Gold Company and the Timersoi National Uranium Company marks a turning point in the way these strategic raw materials will be managed in the future.
The stated objective of these initiatives is twofold: on the one hand, it is to channel mining production, largely artisanal and informal, in order to generate additional tax revenue for the Nigerien state. Indeed, it is regrettable to note that each year, significant quantities of exported gold escape the authorities, representing a significant loss of revenue for the national budget.
On the other hand, the creation of these national companies paves the way for local processing of raw materials. This approach is reminiscent of the experience of Burkina Faso, which set up its own National Society for Precious Substances and built its first gold refinery a year ago. This on-site valorization strategy not only creates local jobs, but also ensures greater control over the mining sectors.
With regard to uranium, the establishment of the Timersoi National Uranium Company raises questions about the impact on multinationals already present in the exploitation of this resource in Niger. The withdrawal of exploitation permits from companies such as Orano and Goviex indicates a clear desire by the Nigerien authorities to regain control of this strategic sector.
This decision is part of the efforts of the National Council for the Safeguarding of the Fatherland (CNSP) to best valorize the country’s resources and guarantee their sustainable and equitable exploitation. By setting up national control companies, Niger seems to be taking its destiny into its own hands and asserting its sovereignty over its natural resources, an essential step to ensure sustainable economic and social development.
Ultimately, the creation of the Mazoumawa National Gold Company and the Timersoi National Uranium Company represents a step forward in the transparent and responsible management of Niger’s mineral resources, offering promising future prospects for the country and its citizens. Through these initiatives, Niger is positioning itself as a major player in the development of its natural resources and the construction of a prosperous and equitable economy.