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The French nuclear gas specialist reported a lack of 133 million euros for the primary half of the 12 months, based on outcomes introduced on Friday. This contrasts with the primary quarter of 2023, when the corporate posted a internet revenue of 117 million euros.
This 12 months, nonetheless, the corporate is going through difficulties. One main subject is Niger’s resolution in June to strip the corporate of the Imouraren mine, the most important on the earth, with estimated reserves of 200,000 tons.
Moreover, Somair, the subsidiary 63% owned by Orano, is struggling to export uranium from its Arlit operations in northern Niger. This is because of an export ban imposed by the army authorities in Niamey, which has been in energy for a 12 months.
In response to those challenges, the corporate was compelled to promote its uranium manufacturing, initially meant to finance the closure of the location.
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