Niger is initiating copper and lithium mining projects to expand its mineral sector and enhance its economy. The government has approved operations for Compagnie Miniere de l’Air to produce copper and Compagnie Miniere de Recherche et d’Exploitation for lithium. These initiatives are expected to create jobs and increase revenue, with the state retaining significant ownership in the ventures.
Niger is embarking on copper mining initiatives in its northern desert as part of efforts to enhance its mineral sector. The government has officially permitted Compagnie Miniere de l’Air (Cominair SA) to commence operations in the Agadez region, which aligns with its strategy to diversify and expand mineral resource extraction.
With this development, Niger positions itself to produce copper, a vital metal integral to electronics and construction. The new mining endeavors are projected to yield approximately 2,700 tonnes of copper annually for a decade, generating around 300 jobs and substantial revenue. Currently, copper is valued at approximately $9,000 per tonne.
In addition, the government has authorized a small-scale lithium mining project. Compagnie Miniere de Recherche et d’Exploitation (Comirex SA) will oversee this initiative in the Agadez region, with anticipated production at 300 tonnes per year over five years. The Nigerien state holds a 25% stake in the copper venture and a 40% share in the lithium operation.
This exploration is part of the current military government’s broader strategy to assert control over the nation’s mineral resources following their ascension to power in July 2023. In a notable policy change, the government revoked a lithium mining permit from the French company Orano, which had operated in Niger for half a century. Orano was engaged at the Imouraren site, which is believed to contain 200,000 tonnes of uranium and has voiced its dissatisfaction with the government’s action.
Niger’s mineral production portfolio already includes uranium, gold, and oil. The introduction of copper and lithium mining projects reflects the government’s commitment to bolster mining activities and enhance economic growth for the nation.
In conclusion, Niger’s decision to highlight copper and lithium mining signifies a transformative effort to capitalize on its mineral wealth. The initiatives are likely to generate substantial employment opportunities and enhance national revenue. Furthermore, the military government’s actions underscore a shift towards greater sovereignty over domestic resource management, marking a significant moment in Niger’s economic evolution.
Original Source: globalsouthworld.com
