Acquiring Company
Tsumco SA
Acquired Company
Orano SA
Niger
ParisMiningMineralGovernmentMiningDescription
The military government in Niger has taken control of the Somaïr uranium mine previously owned by Orano SA, transferring the mining permit to state-run Tsumco SA. This acquisition follows accusations against Orano for exceeding permitted uranium extraction. The takeover illustrates Niger's increasing state control over its mineral resources.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Orano SA?
Orano SA was acquired by Tsumco SA, based in Niger. The deal was reported on August 24, 2026. Tsumco SA is a state-run mining company established to manage Niger's uranium resources. It was created after the government seized control of the Somaïr operation. Tsumco SA is privately held and operates in Mining.
When did Tsumco SA acquire Orano SA?
Tsumco SA's acquisition of Orano SA was reported on August 24, 2026. The military government in Niger has taken control of the Somaïr uranium mine previously owned by Orano SA, transferring the mining permit to state-run Tsumco SA. This acquisition follows accusations against Orano for exceeding permitted uranium extraction. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Orano SA do?
Orano SA is a French multinational company specializing in nuclear fuel cycle activities. The firm has significant operations in uranium mining, conversion, enrichment, and recycling. It is privately held, operating in Mining, and is based in Paris.
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