Paladin Energy has announced that uranium concentrate production and drumming were achieved at the Langer Heinrich Mine on 30 March 2024.
Focus will now shift to production ramp-up and building a finished product inventory, ahead of shipments to customers. As part of the transition to production, Paladin’s COO, Paul Hemburrow will assume responsibility for all Langer Heinrich Mine activities.
Paladin will provide guidance for key FY2025 Langer Heinrich Mine operational parameters in July 2024. Paladin CEO, Ian Purdy said “Achieving first production at the Langer Heinrich Mine is an important milestone for Paladin. I would like to thank all our staff and contractors for their hard work and dedication in returning this globally significant uranium mine to production. I would also like to thank the Namibian Government and our local communities in the Erongo region for their continued support.
With a return to production, a strong balance sheet and supportive uranium fundamentals, Paladin is exceptionally well positioned to generate sustainable returns for all our stakeholders.”
Paladin Energy – The mine in Namibia (75% Paladin ownership) is well on track to be a significant player in the decarbonisation economy of the near future. We have secured a strong uranium offtake portfolio within a rising market. At full production, the Langer Heinrich Mine’s annual uranium output is enough to supply over ten 1,000 Mwe nuclear power plants for a year.
The mine is located in central western Namibia approximately 80km east of Swakopmund and 85km northeast of the Walvis Bay major deepwater harbour. Modern infrastructure provides reliable and smooth access from the mine to the well-established port at Walvis Bay.
The deposit was discovered in 1973, and Paladin acquired Langer Heinrich Uranium and its assets from Aztec Resources Ltd in August 2002.
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