Niger: mine inaugurated which would like to replace Russian supplies of uranium for nuclear power plants
More than 800 people, including the Prime Minister of Niger, ministers, members of parliament, regional representatives, area and village leaders, business representatives and others attended the mine's inauguration ceremony on 5 November. The inaugural explosion – within the box-cut completed earlier this year – represents a "significant milestone" towards yellowcake production, the company said. Recall that "Yellowcake" is the technical name with which the fuel for nuclear power plants is defined.
Opening explosion of the new mine (Global Atomic)
Global Atomic President and CEO Stephen Roman acknowledged the support of senior government officials in the Republic of Niger, including Prime Minister Mahamadou Ouhoumoudo, and senior executives from the Agadez region. "We look forward to a long-term partnership in the development and management of our new, extraordinary uranium mine, which will benefit all Nigeriens."
Dasa, the expanded mine, is a high-quality uranium deposit 105 km south of the mining town of Arlit. Discovered for the first time in 2010, the project belongs 90% to the Global Atomic Corporation, listed in Toronto, and will be managed by SOMIDA (Société Minière de Dasa SA), a Nigerian mining company. SOMIDA is 80% owned by Global Atomic, while the rest is owned by the government of Niger.
According to the company, Dasa will bring "significant benefits" to Niger and in particular to the population of the Agadez region. These include direct employment, training and apprenticeship opportunities and indirect employment through local supplies to the project, as well as employment opportunities for experienced mine workers displaced due to the closure of the Cominak uranium mine in Akouta. , which closed in 2021 after more than 40 years in business.
Earlier this year, a consortium of North American financial institutions, including the Canadian state export credit agency Export Development Canada, was formed to fund the Dasa project and in August Global Atomic announced that it had secured a he offer to sell the uranium produced by the mine by an unnamed North American utility, worth 2.1 million pounds U3O8 (808 tU) over six years from 2025. This figure would represent approximately 7% of the production foreseen by the project in the period.
Obviously this plant will make it possible to alleviate Western dependence on Russian nuclear fuel, currently still necessary for powering American and European nuclear power plants, but which has become increasingly politically radioactive.
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The article Niger: Mine inaugurated that would like to replace Russian supplies of uranium for nuclear power plants comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/niger-inaugurata-miniera-che-vorrebbe-sostituire-le-forniture-russe-di-uranio-per-le-centrali-atomiche/ on Thu, 10 Nov 2022 10:00:05 +0000.