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Country Risk

Mining lay-offs in Niger increase likelihood of kidnap and property damage in six-month outlook

20 October 2017

Event

French nuclear energy giant Areva announced on 9 October that it would lay off workers at its Somaïr mine in Arlit, located 240 km north of Agadez, Niger.

Areva, whose Nigerian mines account for 35% of its total production, said the restructuring was due to a drop of uranium prices from USD135 per pound in 2013 to USD20 per pound in 2017. The company has yet to disclose specific figures, but trade union sources assess that about 200 of 916 workers, as well as 500 subcontractors, will be laid off in 2018.

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