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THE AFRICA TIMES | SUDAN — Niger’s government nationalized Société des Mines du Liptako (SML), operator of its only industrial gold mine. The move targets Australia’s MacNeil Resources, accused of “serious breaches” harming the mining sector.
Government Takes Control of Gold Mine
The announcement aired on state television Friday evening. It underscores the administration’s “sovereignty restoration” agenda. The administration aims for Nigeriens to benefit from their mineral wealth. The government aims to “save a strategic institution.” This aligns with President Abdourahamane Tiani’s vision.
Alleged Contractual Failures
Officials stated MacNeil Resources acquired an 80% stake in SML in November 2019. The company allegedly failed to present a $10 million investment plan within three months. The government said this led to repeated production halts. Further issues included financial deterioration, salary delays, and job cuts. Authorities also cited rising debts and unpaid taxes.
The Liptako mine, located in Tillabéri, produced 177 kilograms of gold in 2023. Artisanal methods yielded 2.2 tonnes, according to the Extractive Industries Transparency Initiative (EITI).
Broadening Nationalization Efforts
This follows the government’s seizure of Somaïr, a French-owned uranium mining company. Tensions between Niamey and Paris increased after the July 2023 coup. Niger also expelled Chinese oil workers. They accused China National Petroleum Corporation (CNPC) of violating local laws.
Strategic Economic Policy Shift
Analysts suggest these actions show a policy shift. The government seeks to reduce foreign dominance in key sectors. The government aims to assert state sovereignty over resources. Niger’s military council has prioritized national ownership. This falls under a broader economic restructuring strategy.
Gold and uranium significantly contribute to Niger’s export revenues. The government’s resource nationalism might reshape international investment relations. This could deter some investors while attracting others accepting stricter oversight.
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