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Paladin warns of lower output

Paladin warns of lower output

Photo by Bloomberg

31st March 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Uranium miner Paladin Energy on Tuesday warned shareholders that damage to its pre-leach thickener and a delay in the ramp-up at its Langer Heinrich mine, in Namibia, would impact on its production for 2015.

Early in March, Paladin reported the failure of the pre-leach thicker at the Namibian mine, which resulted in plant performance reducing to about 45% of production capacity.

Normal production was re-established by March 13, with the company estimating that about 100 000 lb of production was lost.

Paladin on Tuesday revised the full-year production from between 5.2-million and 5.5-million pounds uranium oxide to between 5-million and 5.2-million pounds.

Edited by Creamer Media Reporter

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