Released August 14, 2023 | new delhi
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Niger's mineral-rich economy, anchored by uranium, gold, and limestone, faces uncertainty after a July 2023 coup, leading to a military junta.
The Economic Community of West African States is considering intervention to restore democracy amid concerns of instability. This upheaval could disrupt the nation's mineral exports, investment climate and access to aid.
Niger supplies about 5% of the world's uranium. It is a leading provider of uranium to the European Union. The coup has raised concerns that the country could stop its export, which could hamstring nuclear power production in France and other places. The military takeover in Niger came amid a growing wave of anti-French sentiment, with some locals accusing the former colonial ruler of interfering in their affairs.
Neighboring nations are imposing sanctions on the region as the democracy falls. Moreover, Nigeria has cut the electricity supply. Barring some countries who are favoring the coup. Will it be a catastrophic environment if affairs remain the same?
Certainly, foreign investment is threatened and industrial projects stand to suffer delays.
Industrial Info is tracking 79 projects in Niger totaling US$7.8 billion. Oil & Gas projects account for US$4.9 billion, and Power and Metals & Minerals projects account for US$1.4 billion and US$1 billion, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for a list of related project reports.
Click on the image at right for a graph showing Niger's project activity by industry.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
The Economic Community of West African States is considering intervention to restore democracy amid concerns of instability. This upheaval could disrupt the nation's mineral exports, investment climate and access to aid.
Niger supplies about 5% of the world's uranium. It is a leading provider of uranium to the European Union. The coup has raised concerns that the country could stop its export, which could hamstring nuclear power production in France and other places. The military takeover in Niger came amid a growing wave of anti-French sentiment, with some locals accusing the former colonial ruler of interfering in their affairs.
Neighboring nations are imposing sanctions on the region as the democracy falls. Moreover, Nigeria has cut the electricity supply. Barring some countries who are favoring the coup. Will it be a catastrophic environment if affairs remain the same?
Certainly, foreign investment is threatened and industrial projects stand to suffer delays.
Industrial Info is tracking 79 projects in Niger totaling US$7.8 billion. Oil & Gas projects account for US$4.9 billion, and Power and Metals & Minerals projects account for US$1.4 billion and US$1 billion, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for a list of related project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
