Nambia: Uranium Shipping from Langer Heinrich Mine Resumes
Tuesday, 23 July 2024 15:07
Namibia is Africa's top producer of uranium, with three active mines. After being in care and maintenance for about six years, the Langer Heinrich mine came back online on March 30, 2024.
Paladin Energy announced on July 22 its first uranium shipment since the Langer Heinrich mine resumed activity. The shipment of 319,229 pounds left the Walvis Bay port on July 12.
The mine had been closed since May 2018 due to low global uranium prices, but it reopened on March 30, 2024. Between then and June 30, the mine produced 517,597 pounds of uranium; an output that Paladin wants to ramp up to meet its targets for fiscal 2025.
From July 1, 2024, to June 30, 2025, Paladin aims to produce between 4 million and 4.5 million pounds of uranium, or up to 2,041 tonnes.
Langer Heinrich is 75% owned by Paladin and 25% by China National Nuclear Corporation. It is Namibia's third-largest mine, after Rössing and Swakop. The latter produced 2,920 tonnes and 5,318 tonnes of uranium, respectively, in 2023.
Live News
-
Togo: KfW Provides CFA13 Billion to Support Local Development
19:05
-
Rwanda, ILO Partner to Boost Digital Skilling and Women’s Participation in ICT
16:55
-
Kenya Creates Multi-Agency Task Force to Fight Corruption
16:31
-
Kenya: President Ruto Projects 5.6% Economic Growth in 2025, Surpassing Expectations
15:46
-
MTN Group Nears Split of Fintech Business amid Transaction Value Surges to $212 Billion in First Half of 2025
14:58
-
Nigeria Deploys Tanker to Boost Regional Liquefied Petroleum Gas Exports
14:27
-
Investments, Infrastructure, Food Security: Togo’s Priorities at TICAD 9
13:35
-
Maxine Kinyua Uses AI to Crack the Code on Skincare for Africa
08:16
-
Côte d’Ivoire Gets $47Mln US Commitment to Digitize Ministry of Industry
08:08
-
Cameroon injects CFA13.55bn to boost farming and fishing output
07:24
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
• AU launches campaign to replace distorted Mercator map projection• Equal Earth map promoted to sho...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...
• Kenya loses about $1.5 billion each year to corruption, according to the African Development Bank (AfDB).• President William Ruto approved the...
• President Ruto projected 5.6% growth for 2025, higher than the Finance Ministry’s 5.3% and Central Bank’s 5.2% forecasts.• Kenya’s GDP slowed to 4.7% in...
• MTN processed 11.1B MoMo transactions worth $212.2 in H1 2025, a 45.4% rise in value, with 63.2M active wallets.• The fintech arm’s carve-out...
• The Group is seeing shifting earnings mix toward the rest of Africa in the medium term, led by East Africa scale and a pan-African model.• Competition...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...