Monday, February 2, 2009

Security Issues in Niger Threatens the Mining Equipment Sector

MSloane Consulting sells used mining equipment anywhere in the world.

Security issues in northern Niger, where Tuareg rebels fight government forces, is ruining investment in the vast desert nation's mining industry including the mining equipment for sector, the mines minister said.

Niger, one of the world's top uranium producers has handed out 127 mining exploration permits over the last three years to attract more investment into the impoverished Saharan nation. But the Tuareg rebellion, calling for autonomy and a greater share of uranium revenues, brought violoence and caused deaths of 300 from their side and some 80 government soldiers -- stifling investments.

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