https://www.engineeringnews.co.za

Paladin produces record output from African uranium mines

Paladin produces record output from African uranium mines

Photo by Bloomberg

15th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Uranium miner Paladin Energy has reported record combined production from its Langer Heinrich and Kayelekera mines during the three months to December.

The ASX- and TSX-listed miner reported on Wednesday that quarterly production had reached 2.208-million pounds of uranium oxide (U3O8). This was compared with the 2.04-million pounds produced in the three months to September.

At the Langer Heinrich operation, in Namibia, Paladin produced a record 1.43-million pounds of U3O8, up from the 1.42-million pounds produced in the previous quarter. The increased production resulted from the continued optimisation strategy at Langer Heinrich, which Paladin said would continue to deliver further benefits.

At Kayelekera, in Malawi, Paladin produced 777 015 lb of U3O8, up 26% on the 614 603 lb produced in the three months to September. Similar to the Langer Heinrich operation, Kayelekera was benefitting from the continuous improvement strategy currently being implemented at the mine, Paladin said.

Meanwhile, the miner reported that revenue of $101.7-million was garnered during the quarter from the sale of more than 2.7-million pounds of U3O8.

Sales for the quarter ended March were anticipated to be around 1.8-million pounds.

For the full 2014 financial year, Paladin was expecting to produce between 8.3-million and 8.7-million pounds of U3O8.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.935s - 140pq - 2rq
Subscribe Now