Niger has commenced copper mining in the Agadez region to promote economic stability and resource diversification. With a projected output of 2,700 tonnes annually, this initiative aims to create jobs and generate revenue. The government also supports a lithium mining venture, reinforcing its commitment to local resource management and economic development.
Niger has initiated copper mining operations in its northern desert region to foster economic growth and diversify its mineral resources. The government has granted a permit to Compagnie Miniere de l’Air (Cominair SA) for mining in the Agadez area, aligning with its strategic plan to enhance its mineral sector. This development positions Niger among copper-producing nations, as copper is crucial for electronics, construction materials, and various other applications.
The new copper mine is anticipated to yield approximately 2,700 tonnes of copper annually over the next decade. This venture is expected to generate around 300 jobs and potentially contribute millions of dollars to the national economy, with copper prices currently standing at about $9,000 per tonne. Concurrently, the government has authorized a small-scale lithium mining project through Compagnie Miniere de Recherche et d’Exploitation (Comirex SA), also in Agadez, with expected production of 300 tonnes per year for five years.
The Nigerien state maintains a 25 percent stake in the copper mining operations and a 40 percent stake in the lithium project. This initiative is part of the military government’s broader strategy to assert control over the nation’s natural resources following its rise to power in July 2023. Furthermore, the government has rescinded a lithium mining permit from the French corporation Orano, which had operated in Niger for five decades, emphasizing its commitment to local resource management.
Niger has a history of producing uranium, gold, and oil, and the introduction of copper and lithium mining is seen as a pivotal step towards increasing its mining activities, thus enhancing national revenue. These initiatives reflect Niger’s ambition to leverage its mineral wealth to strengthen its economy and create sustainable employment opportunities.
Niger’s entry into copper mining represents a significant pivot towards strengthening its economy through diversification of mineral resources. The anticipated copper and lithium mining projects are expected to provide substantial economic benefits, including job creation and increased national revenue. This strategic move underscores the military government’s commitment to enhancing local control over natural resources, significantly impacting the country’s economic landscape.
Original Source: globalsouthworld.com
