Orano Emphasizes Staff Prioritization Amid SOMAÏR's Financial Struggles

On November 12, 2024, SOMAÏR’s Board of Directors approved urgent measures to safeguard cash flow vital for employee salaries and site safety. This action follows the company’s inability to export products due to debts from shareholder SOPAMIN, despite SOMAÏR's quality facilities and workforce. As a solution, Orano proposed utilizing remaining cash reserves for salary payments and essential site functions.

SOPAMIN's representatives abstained from the vote by leaving the meeting. Orano, owning 64.3% of SOMAÏR, asserts this situation is not a shut down but a pause on non-essential spending. The company deems recent comments by the Niger Mining Minister unhelpful but remains focused on restoring operational stability.

Orano stresses the importance of collective stakeholder action to ensure SOMAÏR’s future. The company's long-term vision involves a collaborative approach to overcome these immediate challenges.