Paladin approves kick-starting Langer Heinrich again
26 February 2019 | Business
The board of Paladin Energy, the majority shareholder of Langer Heinrich, has approved a prefeasibility study to restart the local uranium mine.
Issuing a statement this morning, Paladin said “the concept study found Langer Heinrich could be restarted relatively quickly in response to strengthening uranium prices”. Subject to the validation in the study, the mine could be back in full production as early as mid-2021, Paladin said.
Langer Heinrich was placed in care and maintenance last May due to the sustained low uranium spot price.
Issuing a statement this morning, Paladin said “the concept study found Langer Heinrich could be restarted relatively quickly in response to strengthening uranium prices”. Subject to the validation in the study, the mine could be back in full production as early as mid-2021, Paladin said.
Langer Heinrich was placed in care and maintenance last May due to the sustained low uranium spot price.
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