About
Paladin Energy Limited is an ASX-listed uranium producer (ASX: PDN) operating the Langer Heinrich Mine (LHM) in central western Namibia — a strategic tier-one uranium asset that Paladin owns 75%, with the remaining 25% held by China National Nuclear Corporation (CNNC). Located approximately 80 kilometres east of Swakopmund and 85 kilometres northeast of the deep-water port of Walvis Bay, Langer Heinrich is a conventional open-pit mine exploiting a surficial calcrete uranium deposit using proven alkaline leach technology. After being placed on care and maintenance in August 2018 due to low uranium prices, Langer Heinrich resumed commercial production on 30 March 2024 — the first conventional uranium mine to restart globally in the current uranium market upturn. The mine has a 17-year life of mine and targets approximately 4-5 million pounds of uranium oxide (U3O8) production per year at full capacity. Paladin also owns a significant exploration portfolio in Namibia and is listed on the ASX (PDN) and Namibian Stock Exchange (PDN).
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