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UPDATE 1-Niger grants permit to GoviEx for $676 mln uranium exploitation project

Published 2016-01-26, 05:23 p/m
© Reuters. UPDATE 1-Niger grants permit to GoviEx for $676 mln uranium exploitation project

(Adds context)
NIAMEY, Jan 26 (Reuters) - Niger has awarded a permit to
GoviEx Niger Holdings Ltd., the Niger branch of GoviEx GXU.CD ,
to exploit uranium for investments worth $676 million at the
243-km Madaouela Project in the Agadez region, according to a
government statement.
The landlocked West African country is a major uranium
producer and the ore is central to France's nuclear energy
program.
Niamey also granted four permits for uranium exploration to
GoviEx Niger Holding Ltd. and two other companies, said the
statement, which is read on public television.
French state-owned nuclear company Areva also operates in
the central Nigerien region. The relationship has been fraught;
in April its workers launched a strike before a court declared
it to be illegal.
Niger is one of the world's poorest countries and is ranked
188 of 188 in the U.N. Human Development Index.

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