Turkey Eyes Niger Mining Projects Amid Competition for Uranium

Via Bloomberg, an article on Turkey’s interest in Niger’s mining sector:

  • Niger and Turkey sign provisional pact for mining exploration

  • Junta revoked French, Canadian companies’ permits last year

Turkey and Niger signed a provisional pact to boost cooperation in mining, a sign of closer ties between the countries as new powers jostle for access to the West African nation’s uranium resources.

The agreement, following a visit by a Nigerien delegation to Turkey, aims to help Turkish companies undertake exploration in Niger, Turkish Energy Minister Alparslan Bayraktar wrote on X, without elaborating on the nature of potential projects.

The two sides met to see where “Turkish companies could get involved in Niger’s mining sector,” said Ibrahim Hamidou, head of communications for Prime Minister Ali Lamine Zeine.

It’s unclear if Niger, which has been controlled by a junta since a coup last year and is one of the world’s biggest uranium producers, is weighing giving Turkey access to undeveloped or existing mines.

The military government revoked uranium permits from French and Canadian companies shortly after coming to power. Since then Russia has sought to take over some assets, capitalizing on improved relations with a string of African nations rocked by coups last year.

Turkish state mining firm Maden Tetkik ve Arama Genel Mudurlugu has previously studied gold deposits in Niger, according to its website. In July, Turkish officials including Foreign Minister Hakan Fidan and spy chief Ibrahim Kalin visited as part of Ankara’s efforts to secure access to uranium.

President Recep Tayyip Erdogan has long sought to deepen Turkey’s ties in Africa. As part of that, he’s seeking sources of uranium for the country’s nascent nuclear-power industry.



This entry was posted on Tuesday, October 22nd, 2024 at 1:43 pm and is filed under Niger, Turkey.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.