Radioactive Revenues: Financial Flows between Uranium Mining Companies and African Governments

For African countries, the revenue derived from the uranium mining operations of multinational corporations is despite the high price of uranium minimal, uncertain and volatile. The financial agreements that these countries make with the uranium producers regarding their share in the profits are the primary reason for this state of affairs. These contracts are often the result of negotiations that take place behind closed doors. This report analyses the financial aspects of uranium mining in the main African uranium producing countries Namibia, Niger, Malawi and South Africa and examines the activities of the four largest multinational uranium mining companies in Africa.