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.
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
Faure Gnassingbé visits agricultural zones in northern Togo Government pushes for greater food sovereignty and self-sufficiency Farmers receive...
AD Ports signs 30-year concession to build dry bulk terminal in Douala €73.4m investment planned for first phase between 2026 and 2028 Project aims to...
Mobile games account for 87% of gaming in Africa, although the share of console and PC gaming is expected to grow as hardware becomes more affordable and...
As African countries accelerate the digitalization of civil registries, elections, and public services, biometrics is becoming a key pillar of state...
Benin is guest of honor at the 2026 African Book Fair in Paris. More than 400 authors and 150 publishers from 20 countries are expected. The spotlight...
had relaunched the International Festival of Saharan Cultures (FICSA) in Amdjarass after a seven-year hiatus. Niger participates as guest of honor,...