Mining

Nambia: Uranium Shipping from Langer Heinrich Mine Resumes

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.

On the same topic
Madagascar signs new tourism deal with South Korea’s Good People International Plans include tourism office in South Korea, agritourism project in...
Talks resumed after CEO change; no formal agreement signed yet Mine's future uncertain amid Barrick’s shift toward Americas operations The Malian...
Angola plans faster permitting and digital reforms to draw new mining investors Government targets 2 billion $ in non-diamond mining investment...
CBE raised $200 million in senior debt as a second tranche arranged by Standard Bank New funding strengthens its model of fully financed...
Most Read
01

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
02

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
03

Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...

Nestlé Faces New Claims of Excess Sugar in African Baby Cereals
04

Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...

Chad Reports Second Vandalism Attack on Key Internet Cable in Two Weeks
05

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.