The government of Niger and Madaouela Mining Company (MAMICO) have signed a new agreement to relaunch the Madaouela uranium project. The deal, signed on September 22, 2026, aims to strengthen public participation, end a dispute with the former permit holder, and make commitments to employment and local development. The agreement was reached after Niger's Council of Ministers approved it on August 21, 2026.
The new agreement increases the Niger government's stake in the project to 40%, up from 20% previously. Atomic Eagle holds the remaining 60% and retains operational control of the project. The deal comes after the "Madaouela I" permit was returned to the public domain in July 2024, resolving a dispute with the former permit holder. The two parties have opted for negotiation to reach a new cooperation framework.
The agreement provides for an initial payment of $10 million and measures to strengthen the capacity of the mining administration and support local community development. Around 1,000 jobs are expected to be created for young Nigeriens as part of the project's development. National companies will also be given priority, in line with local content requirements. These commitments put national economic benefits at the heart of the new partnership.
The agreement was signed by Niger's Minister of Mines, Commissioner-Colonel Abarchi Ousmane, and MAMICO's Managing Director, Philip Ross Hoskins. The deal marks a new phase in the development of the Madaouela uranium project. Niger's government aims to balance the defense of its strategic interests with attracting investment to develop its mining sector.
The project's success will depend on the implementation of the commitments made. The Niger government will need to ensure that the jobs created and economic benefits promised are delivered. The agreement also provides for the development of local communities and the strengthening of the mining administration's capacity.
The Madaouela uranium project is a significant development for Niger's mining sector. The country is seeking to maximize the economic benefits of its natural resources while ensuring that the interests of its citizens are protected. The new agreement with MAMICO is a step towards achieving this goal.
The implementation of the agreement will be closely watched by stakeholders, including local communities, investors, and government agencies. The project's progress will be an important indicator of Niger's ability to manage its natural resources effectively and ensure that the benefits are shared equitably among its citizens.
Key points
- Niger's government increases its stake in the Madaouela uranium project to 40%.
- The agreement creates around 1,000 jobs for young Nigeriens.
- The deal includes a $10 million initial payment and measures to support local community development.
