PARIS--(BUSINESS WIRE)--Regulatory News:
Orano has opened international arbitration proceedings against the State of Niger following the withdrawal of its mining license for IMOURAREN, dated 19 June 2024.
This move comes after several months of unsuccessful attempts at mediation and conciliation.
The announcement of the withdrawal of the license took place when Orano presented the State of Niger with a concrete, technical proposal, which would have allowed the IMOURAREN deposit to be exploited as quickly as possible, and after works had resumed since June 2024.
The group has engaged the Clay Arbitration law firm to represent them.
About Orano
As a recognized international leading operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges. Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle. Every day, the Orano group’s 17,500 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.
Orano, giving nuclear energy its full value.
