Your go-to source for in-depth coverage of political developments, economic trends, social affairs, and vibrant cultural stories from across the continent.
Niger has moved to nationalize its largest gold mining operation, the Liptako Mining Company (SML), previously controlled by the Australian group McKinel Resources Limited.
The decision comes amid a broader drive by the ruling National Council for the Safeguarding of the Homeland (CNSP), which took power following the July 2023 coup that ousted President Mohamed Bazoum.
Authorities have accused SML of mismanagement, citing environmental violations, neglect of local communities, and tax optimisation practices deemed unfavourable to the state.
The government criticised the previous partnership model, describing it as “completely unbalanced” and claiming it prevented Niger from fully benefiting from its natural resources.
“The nationalization of SML reaffirms our determination to correct historical imbalances and ensure that profits serve national development projects,” said a government spokesperson.
The move is part of a broader strategy to reclaim sovereignty over the country’s strategic resources, a policy also reflected in the recent decision to bar French uranium company Orano from operating in Niger.
Analysts say the CNSP’s decisions signal a shift towards what some describe as a “Sahelian model of sovereignty,” in which governments assert greater control over natural resources and economic policy. While this approach aims to maximise domestic benefits, it also carries risks.
Niger will need to maintain credibility with international investors while demonstrating transparency and long-term commitment to sustainable development.
The Liptako gold mine, located in the mineral-rich region of Liptako, has historically been a major contributor to Niger’s gold output. With the nationalization, the government aims to redirect revenues from the mine into infrastructure, social programs, and strategic development projects.
Observers note that Niger is part of a growing trend in sub-Saharan Africa, where states are increasingly challenging existing foreign partnerships and seeking to ensure that natural resource wealth benefits domestic populations.
The success of this strategy will depend on balancing national control with investment incentives, a complex task for a country navigating political transitions and regional instability.
The nationalization of SML marks a decisive step in Niger’s bid to assert economic independence and reshape the country’s relationship with international mining corporations, signalling a potentially transformative era for its mining sector.
