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Global Energy and Resource Wars: Mali and Niger, the battlefield for Uranium

Published: February 15, 2013
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Source: Phantom Report

Editors Notes: Military missions into West Africa are to secure the free flow of natural resources out of Africa to the global markets. As soon as sovereign nations are in governmental/legislative staging plans of nationalizing sectors of their economy (resource nationalism)—– the potential of internal protests/riots increase ( influence by western clandestine operations), military interventions/airstrikes, coup d’états, economic warfare, …..etc. Global Energy and Resource Wars can’t be denied. Related Article: Russian Military Chief Predicts Resource Wars Soon

Via: Uranium Investing News

France’s military intervention in Mali, its former West African colony, highlights industrialized nations’ supreme need to secure access to economically strategic assets — in France’s case, uranium. That theme will increasingly be seen playing out on the world stage over the coming years.

Mali’s Kidal region, which is controlled by Islamist militants, borders the northwestern desert region of Niger, where France’s nuclear power giant AREVA (EPA:AREVA) has been mining uranium for more than half a century.

In light of current hostilities at its Arlit mine, which in 2010 was the site of a kidnapping that may have been backed by al-Qaeda, AREVA has said it’s strengthening its security measures at both its Arlit and Imouraren mining operations. The BBC recently reported that the security detail includes French special forces.

France’s deployment of special forces to protect AREVA’s uranium assets reveals that the nation’s priorities include ensuring access to a steady and reliable supply of uranium. France relies on nuclear power to generate about 75 percent of its electricity, and according to a parliamentary report, the western nation acquires about 18 percent of its nuclear fuel from Niger, the world’s fifth-largest uranium producer.

Mali isn’t the only problem neighbor bordering Niger. Islamist militants recently launched a bloody attack on a BP (NYSE:BP,LSE:BP) gas plant in Algeria, which borders Niger on the northwest, and to the northeast of the country is Libya, where Muammar Gaddafi’s death has left opposing groups vying for power.

Diversifying via joint ventures in lower-risk jurisdictions

Complicating problems for AREVA is the fact that Niger’s president, Mahamadou Issoufou, recently said his government wants to renegotiate the terms of its uranium mining agreement with the France-based company. He stated that “it’s not acceptable” that Niger’s most valuable export only contributes about 5 percent to the nation’s annual budget. The country’s government isreportedly asking for at least 20 percent of revenue from the industry.

President Issoufou also suggested that Niger is looking to “diversify [its] uranium mining partners,” hinting that China is a possible suitor. China Nuclear International Uranium is currently the largest shareholder in Societe des Mines d’Azelik, a company that produces uranium at Azelik, which is located 160 kilometers southwest of Arlit.

“This is resource nationalism, plain and simple,” Chris Berry, founder of House Mountain Partners and co-author of Morning Notes, told Uranium Investing News. Increased revenue for Niger may come in the form of more mining taxes, royalties or even a stake in AREVA; any of those options would lower returns for investors and discourage future investment, explained Berry.

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