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Monday, January 28, 2019

Paladin Exploring Potential Langer Heinrich Uranium Restart | INN

Paladin Exploring Potential Langer Heinrich Uranium Restart | INN: Australia’s Paladin Energy (ASX:PDN) reported sales of 475,000 pounds of U3O8 during the December 2018 quarter, with the material going for an average price of US$31.41 per pound. The company, which released its quarterly activities report on Wednesday (January 16), also provided updates on its Langer Heinrich mine and its Kayelekera mine. Langer Heinrich, located in Namibia, was transitioned to care and maintenance in August 2018. However, Paladin reported that a concept study was underway this past quarter to optimize the operation “in preparation for a restart decision.”

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