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
-
Afreximbank Expands Footprint in Cameroon With CFA600 Billion Push
20:06
-
Cameroon Orders 3,442 Teachers to Prove Status or Face Payroll Removal
19:43
-
Cameroon Grants Traditional Chiefs Power to Issue Provisional Land Certificates
19:40
-
Cameroon Navigates Tight Global Markets With Multilateral Backing
19:38
-
DRC Prepares Second Phase of Nationwide Airborne Geological Survey
19:09
-
Gabon Pushes to Speed Up Execution of Digital Reform Programs
18:04
-
Namibia’s Cybercrime Bill Sparks Concerns Over Civil Liberties
17:43
-
GSMA Targets Emerging Markets with New Clean Tech Grant Program
17:37
-
Madagascar Launches $3 Million Public Virtual University Project
17:20
-
Senegal Bets on Energy-Telecom Synergies to Enhance Service Quality
17:17
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Gabon held the 5th steering committee for the eGabon and Gabon Digital programs on February 23. Authorities aim to strengthen interministerial...
The draft Cybercrime Bill would grant authorities expanded investigative powers over electronic data and communications. The Institute for Public...
Senegal, Canada finalize plans for Dakar-Montreal flights Air Transat to operate twice weekly from June Route expected to boost diaspora...
Mauritania opens digital service center in Bassikounou FAO-backed facility offers free internet, e-government support Initiative targets...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...