【Niamey, Nige】Nationalization of SML: Niamey Takes Strategic Control of Its Gold Mines

Editor’s Note

This article examines Niger’s recent push to assert greater national control over its mineral resources, particularly gold and uranium. It is part of a broader regional trend where states are re-evaluating foreign mining contracts to maximize local benefits and reduce economic dependence.

A Context of Reclaiming Control Over Mineral Resources

Niger, a member of the Alliance of Sahel States, is pursuing a strategy aimed at strengthening its control over strategic sectors, particularly gold and uranium. For several months, the authorities have been implementing numerous measures intended to reduce economic dependence on foreign operators and maximize local benefits. This nationalization is part of a trend observed in several African countries seeking to renegotiate or terminate mining contracts deemed unfavorable.

Suspension of Exports of Stones and Meteorites

Simultaneously, Niamey has decided to suspend the export of several mineral substances, including precious stones, semi-precious stones, and meteorites. Exemptions may, however, be granted on a case-by-case basis, upon request. This measure aims to regulate the sector, better control the supply chain, and limit uncontrolled flows abroad.

A Decision with Economic and Regional Implications

The SML, initially created in partnership with foreign investors, has long been a key player in Niger’s gold mining. Its complete transfer to national control could alter the dynamics of the local gold market, both in terms of exports and tax revenues. On a regional scale, this decision is part of a broader movement where Sahelian states are seeking to regain control over resources considered strategic in the face of economic, security, and geopolitical challenges.

“This political shift could influence future negotiations with other mining companies operating in the country and contribute to reshaping the West African mining landscape.”
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⏰ Published on: August 09, 2025