Uranium: Paladin Wants to Add 2,000 tons to Africa’s Production within Next 12 Months
Friday, 28 June 2024 16:48
Namibia, Africa’s top uranium producer, hosts Paladin's Langer Heinrich uranium mine. The latter has resumed production last March.
On June 28, Paladin Energy announced its production forecasts for the 2025 financial year (July 1, 2024 to June 30, 2025). The Australian targets between 4 to 4.5 million pounds of uranium at Langer Heinrich, equivalent to up to 2,041 tonnes over the year.
We are pleased to provide the FY2025 guidance for the Langer Heinrich Mine (LHM) today. The key guidance metrics for FY2025 at the LHM can be found on https://t.co/38Aox32NwS pic.twitter.com/iQqZs6nc63
— Paladin Energy (@Paladin_Energy) June 27, 2024
Langer Heinrich was inactive for several years due to low uranium prices. It resumed operations last March and its owner expects the mine to reach its full production capacity of 6 million pounds annually by the end of 2026.
Namibia is the world's third-largest uranium producer and the top producer in Africa (Niger is second). In 2022, Namibian mines produced 5,613 tonnes of uranium. Langer Heinrich alone accounted for more than a third of Namibia's production and 70% of Niger's uranium output that year.
Emiliano Tossou
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