Paladin sizes up Langer Heinrich restart
PALADIN Energy has completed the first of a two-part prefeasibility study (PFS1) to assess the restart of its Namibian uranium mine, Langer Heinrich. The company said that it can return to production after a rapid 12-month ramp-up and would require about US$80m to return to production levels of about 5.2mlb pa. The capital would be divided into US$38m needed for plant repair and US$42 needed for working capital. Production could increase to about 6.5mlb pa through expansion of the mine during the ramp-up period, which the company said would target the processing of high and medium-grade ore over a six-year period at an additional cost of $US30m. PFS1 put the mine potentially back in production within 12 months of securing…