Home News Niger Government Sanctions Mining Firms, Refuses Oil Permit Renewal
NewsWorld

Niger Government Sanctions Mining Firms, Refuses Oil Permit Renewal

969

The government of Niger has taken firm action against several mining and energy companies, terminating agreements and refusing to renew exploration permits over what officials described as repeated violations of contractual obligations.

The decision was announced after a meeting of the Council of Ministers on Tuesday, where authorities reviewed the activities of several companies operating in the country’s mining and petroleum sectors.

Three companies involved in gold exploitation and refining had their agreements revoked. The affected firms are Compagnie des Mines du Niger, Afrior SA, and Ecomine SA. Government officials said the decision followed a series of breaches that had persisted since 2023.

According to the government, the companies failed to finance local development projects promised under their contracts and did not prioritize employment opportunities for Nigerien citizens. Authorities also cited violations of environmental standards, incomplete payment of taxes and royalties, and the failure to submit mandatory annual technical and financial reports.

READ MORE: Burkina Faso Army Recaptures Towns Held by Militants for Seven Years

In a separate decision, the government also declined to renew the exploration and production authorization of the British energy company Savannah Energy, which operates in the southeastern region of the country.

Officials said the company did not meet the minimum work program requirements outlined in its production sharing contract.

The decisions signal a stronger stance by Niger’s authorities on the management of the country’s natural resources. Government officials said companies operating in the sector must fully respect contractual obligations, environmental standards, and commitments to local communities.

The measures are part of a broader push by Niger’s leadership to reinforce national sovereignty over strategic resources and ensure that mining and petroleum activities deliver tangible benefits for the country’s economy and population.

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NewsPoliticsSecurity

Algeria Sends Troops to Niger in First Foreign Military Deployment Since 1973

Algeria is deploying troops to neighbouring Niger in what marks its first...

FinanceNewsPolitics

Tinubu Starved Health Workers for 19 Months But Suddenly Finds N70,000 After Realising 2027 Is Near

The Federal Government has finally reached an agreement with the Nigeria Labour...

HealthNews

Jide Idris Collected ₦10bn for Ebola, Now Claims It Was for Lassa Fever After WHO Confirmed No Active Cases

The Director-General of the Nigeria Centre for Disease Control and Prevention, Jide...

FinanceNewsPolitics

BREAKING: Tinubu Asks Senate to Approve Fresh $20.5bn, €1.04bn Loans Weeks After Record Debt Warning

President Bola Tinubu has asked the Senate to approve a fresh supplementary...