Uranium Fueling Niger Coup?

Resource Investing News

  Uranium seems to be the only thing going for the impoverished and politically unstable Niger, ranked last of 182 countries on the UN’s 2009 Human Development Index. This latest coup is the fourth since 1974 in the mostly Islamic West African country. Yellowcake accounts for 72 per cent of national exports from Niger, the …

 

Uranium seems to be the only thing going for the impoverished and politically unstable Niger, ranked last of 182 countries on the UN’s 2009 Human Development Index. This latest coup is the fourth since 1974 in the mostly Islamic West African country.

Yellowcake accounts for 72 per cent of national exports from Niger, the world’s sixth-biggest uranium producer responsible for about 7 per cent of global supply in 2008. According to analysts at Macquarie Bank, that number should increase to around 10 per cent by 2015.

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