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Uranium concentrate production and drumming were achieved at the Langer Heinrich Mine (LHM) on 30 March 2024. Photo contributed
Uranium concentrate production and drumming were achieved at the Langer Heinrich Mine (LHM) on 30 March 2024. Photo contributed

Langer Heinrich achieves commercial production

Milestone
Otis Daniels
Paladin Energy announced that uranium concentrate production and drumming were achieved at the Langer Heinrich Mine (LHM) on 30 March 2024.

The company said that the focus will now shift to production ramp-up and building a finished product inventory, ahead of shipments to customers. As part of the transition to production, Paladin’s chief operating officer, Paul Hemburrow, will assume responsibility for all LHM activities. The company said it will provide guidance for key FY2025 LHM operational parameters in July 2024.

Paladin CEO, Ian Purdy, said that achieving first production at the Langer Heinrich Mine is an important milestone for Paladin.

“With a return to production, a strong balance sheet, and supportive uranium fundamentals, Paladin is exceptionally well positioned to generate sustainable returns for all our stakeholders.”

He also thanked the Namibian government and local communities in the Erongo region for their continued support, and he paid tribute to the staff members and contractors for their hard work and dedication in returning the globally significant uranium mine to production.

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 388.73/OZ UP +0.28% | Copper US$ 4.28/lb DOWN -0.0153 | Zinc US$ 2 778.00/T UP 0.01% | Brent Crude Oil US$ 90.27/BBP DOWN -0.0051 | Platinum US$ 960.83/OZ DOWN -0.0117