Paladin Resources` new uranium mine in Namibia will generate N$1.5 billion (US$201.8 million) in foreign exchange every year, says managing director John Norshoff.
The Langer Heinrich mine, situated 80 km (50 miles) east of the Namibian port of Walvis Bay, will also generate N$35 million in royalties for the government, Borshoff said today at a ceremony to mark the official opening of the mine.
"It`s an important milestone for the uranium industry as it represents the revival of the world`s nuclear industry," Borshoff said.
Uranium miners are increasing production after prices more than doubled in the past 12 months.
Paladin has spent N$620 million (US$83.8 million) developing the mine. (March 15 Bloomberg)
- Forums
- ASX - By Stock
- PDN
- paladin mine to generate more
paladin mine to generate more
Featured News
Add PDN (ASX) to my watchlist
|
|||||
Last
$13.71 |
Change
0.155(1.14%) |
Mkt cap ! $4.044B |
Open | High | Low | Value | Volume |
$13.86 | $13.90 | $13.67 | $3.271M | 237.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 3050 | $13.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.71 | 985 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1988 | 13.690 |
5 | 1575 | 13.680 |
8 | 1611 | 13.670 |
5 | 1084 | 13.660 |
4 | 6023 | 13.650 |
Price($) | Vol. | No. |
---|---|---|
13.710 | 885 | 7 |
13.720 | 986 | 3 |
13.730 | 1372 | 6 |
13.740 | 1455 | 5 |
13.750 | 1514 | 7 |
Last trade - 10.24am 19/06/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online