Post #610

🔵Why Share Money With Foreigners?🔵 🌐Niger cancels operation agreements for three gold‑refining plants, citing repeated contract breaches. The government says it terminated conventions with the 3 companies at the 3 March 2026 council of ministers. 🔸The list of the ostracized included Italian COMINI SARL, British AFRIOR SA and Polish ECOMINE SA, all accused of failing to fund local development, prioritise employment for Nigeriens and respect environmental standards. 💬Only ECOMINE SA, after the second formal notice, gave a partial response seen as non‑performance, says the meeting report. 🔸 Under the 2019 agreements with the government, the 3 companies were expected to build and run new gold refineries. They also had the right to export and sell abroad everything that came to their plants, thus profiting from Niger's gold. While the terminations follow formal warnings sent on 17 February 2025 and 23 July 2025, the timing most likely coincides with a prolonged rise in gold prices and the outstanding hike in them after the outbreak of another war. Now Niger will be able to keep extra profits from gold trading at home. #News ✈️ Stay informed - @devilsbelow