• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Niger Nationalises Sole Industrial Goldmine, Accuses Australian Operator Of ‘Breaches’

by Nafisat Abdulrahman
2 minutes ago
in News
Niger Nationalises Sole Industrial Goldmine
Share on WhatsAppShare on FacebookShare on XTelegram

Niger’s military government has taken control of the country’s only industrial goldmine, accusing its Australian operator of “serious breaches” and mismanagement, as the junta moves to assert greater control over strategic natural resources.

Advertisement

In an order read on state television on Friday, junta leader General Abdourahamane Tiani announced the nationalisation of Société des Mines du Liptako (SML), operated by McKinel Resources Limited since 2019. The company acquired a majority stake from a public firm that year.

“In view of serious breaches (and) with a view to saving this highly strategic company, the state of Niger has taken the decision to nationalise SML,” the order stated. “This measure is in line with the vision of the president of the republic, which is to promote the full appropriation of its natural resources by the Nigerien people.”

The SML mine, located on the banks of the River Niger, produced 177 kilograms of industrial gold in 2023, according to the Extractive Industries Transparency Initiative. Artisanal miners in the country produced a further 2.2 tonnes.

The junta alleged that under McKinel’s management, the mine’s economic state had become “alarming,” citing the failure to execute a $10 million investment plan. It said the shortfall had resulted in tax and wage arrears, layoffs, increased debt, and production stoppages.

RELATED

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78

8 minutes ago
‘Finding Nina’ Premieres August 8, On Prime Video

‘Finding Nina’ Premieres August 8, On Prime Video

42 minutes ago

In June, Niger also nationalised the local branch of French uranium giant Orano, in a move mirroring actions by military-led governments in neighbouring Burkina Faso and Mali, who have increased pressure on foreign mining companies.

The mine has also faced security challenges. In May, a bomb blast in the Tillaberi region, one of the epicentres of jihadist violence in the country, killed at least eight SML workers. The Nigerien army has deployed more than 2,000 soldiers to combat jihadist groups in the region.

The military junta, which seized power in a 2023 coup, vowed to tighten control over the country’s mineral wealth while addressing security and economic instability.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Niger Republic
SendShareTweetShare
Previous Post

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78

Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

You May Like

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78
News

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78

2025/08/09
‘Finding Nina’ Premieres August 8, On Prime Video
Entertainment

‘Finding Nina’ Premieres August 8, On Prime Video

2025/08/09
AFFC Calls For Open Calls For Emerging Female Filmmakers
Entertainment

AFFC Calls For Open Calls For Emerging Female Filmmakers

2025/08/09
‘Fantastic 4: 1st Steps’ Premiere: Nigerian Celebrities Relish Cinematic Experience
Entertainment

‘Fantastic 4: 1st Steps’ Premiere: Nigerian Celebrities Relish Cinematic Experience

2025/08/09
Tyla & Wizkid’s New Single ‘Dynamite’ Hits 1M Views
Entertainment

Tyla & Wizkid’s New Single ‘Dynamite’ Hits 1M Views

2025/08/09
“We Mainstream Gender Into Our Festival” – Kashim
Entertainment

“We Mainstream Gender Into Our Festival” – Kashim

2025/08/09
Leadership Conference advertisement

LATEST

Niger Nationalises Sole Industrial Goldmine, Accuses Australian Operator Of ‘Breaches’

BREAKING: Ex-PDP Chairman Audu Ogbeh Dies At 78

FIFA U-20 WWCQ: Falconets Head Coach Invites 35 Players For Rwanda Clash

NANPF Appoints CSP Chijioke As Director Of Players’ Safety And Security

NPFL Youth League: Remo Stars, Ikorodu City pick Ikenne Zone Tickets

John Utaka Named Head Coach Of Montpellier Women’s Team

School Sports Games: Team Nigeria Clinch 25 Medals, Finish 4th Overall

‘Finding Nina’ Premieres August 8, On Prime Video

NPFL: Itodo Seals Move To Enugu Rangers

Winners Emerge In Evolve 2.0 Chess Championship

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.