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Troubled Australian uranium company Paladin mothballs Langer Heinrich uranium mine, in Namibia

Paladin mothballs Namibia uranium mine   Creamer Media’s Mining Weekly 25TH MAY 2018  BY: ESMARIE SWANEPOEL  CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA   PERTH (miningweekly.com) 27 May 18 – Dual-listed  Paladin Energy on Friday confirmed that its Langer Heinrich uranium mine, in Namibia, was being placed under care and maintenance, but said that the low-cost openpit operation would be one of the first to resume production when the uranium market normalised.

Paladin in April said that it was unlikely to resume physical mining activities at the mine despite the medium-grade ore stockpile currently feeding the processing plant set to be exhausted before mid-2019.

The ASX and TSX-listed company on Friday said that it had received consent from all the relevant stakeholders to place the operation under care and maintenance, and had now stopped presenting ore to the plant.

There would be a run-down phase of up to three months where various stages of the plant would be progressively suspended and cleaned, and during this time, there would be some continued production of finished uranium.

Paladin noted that once the run-down phase was complete, operations would have been completely suspended and Langer Heinrich would be under care and maintenance. ……http://www.miningweekly.com/article/paladin-mothballs-namibia-uranium-mine-2018-05-25

 

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May 28, 2018 - Posted by | AUSTRALIA, business and costs, Namibia, Uranium

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