Orano Shifts Focus to Uzbekistan Following Loss of Niger’s Uranium Assets
Orano Mining has shifted its focus to Uzbekistan, signing an agreement with Navoiuran and ITOCHU for uranium extraction at the Jongeldy deposit. This initiative, fueled by a $214 million investment, seeks to expand Uzbekistan’s uranium output and enhance its global market position, particularly following Orano’s recent asset losses in Niger.
Orano Mining, alongside Uzbekistan’s Navoiuran and Japan’s ITOCHU, has signed a trilateral agreement to initiate uranium extraction at the Jongeldy deposit in Uzbekistan. This signing, which occurred on March 10, 2025, in Paris, marks a significant advancement in Uzbekistan’s uranium industry, encompassing both the deposit development and enhanced geological exploration for future projects.
The agreement between Orano, Navoiuran, and ITOCHU signifies a pivotal development in Uzbekistan’s uranium sector, furthering international collaboration and investment. As Orano pivots from lost assets in Niger, Uzbekistan is set to become an essential partner, fostering a stronger global position in uranium production. The anticipated projects will enhance production capacities and attract international interest in this strategically significant industry.
Original Source: news.az
