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.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Government seeks closer ties between training and employer needs Reform promotes apprenticeships and employer-led curricula Private sector...
EU commits $336 million to fund seven priority projects in Nigeria Funds target digital infrastructure, healthcare, agriculture, and...
Three African countries are negotiating over $500 million in debt-for-nature swaps Deals aim to cut debt while financing environmental...
DR Congo plans Congo Airways overhaul after persistent operational failures Probe found governance, financial and compliance weaknesses at state...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...