Niger announces nationalisation of its only gold mine
Niger announces nationalisation of its only gold mine
Just a moment...
Niger’s military government has announced the nationalisation of the country’s sole industrial gold mine, accusing its Australian operator of “serious breaches” as the junta seeks greater control of natural resources.
The military junta has ruled the West African nation since seizing power in a 2023 coup, promising to crack down on Niger’s myriad security issues.
Juntas in Niger, neighbouring Burkina Faso and Mali have ramped up pressure on foreign mining companies in recent years, with Niger nationalising the local branch of French uranium giant Orano in June.
So the nation can share its own wealth instead of bowing to modern day colonialism
Let's hope so. Military juntas don't have a great track record though.
Neocolonialism wasn’t doing the country any favors either
It's a military dictatorship, that wealth is going to the military leadership, and no one else.
No, that's not how it works. Previously, all of the wealth was going to Australian imperialists and a few compradors, now that wealth stays within Niger. Through opposing Australian imperialism and nationalizing industry, Niger gets to use that wealth on developing themselves, which is in the interests of the proletariat of Niger. This is a fantastic thing, and you're finger-wagging them for kicking out the imperialists.