Australian mining outfit, Paladin Energy is in the process to announce a solvency restructuring proposal, and a potential option in favour of China National Nuclear Company (CNNC) which could entitle Overseas Uranium Holdings Ltd to acquire Paladin´s interest in the Langer Heinrich mine. China National Nuclear is a minority shareholder …
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Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to 600 000 lbs U3O8, …
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Production at the Langer Heinrich Mine in the Erongo region slowed down this year. Chairman Rick Crabb said recently that the slowdown was due to ‘temporary technical issues’. Crabb said the problem has since been rectified and a solid production outlook is expected. “In addition to cost reduction initiatives during the …
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Australian uranium miner and owner of the Langer Heinrich mine, Paladin recently announced that it would cut costs further following an announcement last week that it was scalling down on its capital expenditure as the mining house adapts to a low uranium spot price. Said Paladin in a statement, “these …
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