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
(20min delay)
|
|||||
Last
$16.37 |
Change
-0.100(0.61%) |
Mkt cap ! $4.885B |
Open | High | Low | Value | Volume |
$16.40 | $16.42 | $16.22 | $17.73M | 1.083M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5517 | $16.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.38 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1812 | 16.330 |
1 | 4264 | 16.310 |
2 | 1383 | 16.290 |
2 | 20301 | 16.270 |
1 | 4264 | 16.240 |
Price($) | Vol. | No. |
---|---|---|
16.380 | 5000 | 1 |
16.390 | 12757 | 1 |
16.410 | 60 | 1 |
16.440 | 1383 | 2 |
16.450 | 414 | 2 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
$16.38 |
  |
Change
-0.100 ( 0.10 %) |
|||
Open | High | Low | Volume | ||
$16.40 | $16.42 | $16.21 | 258540 | ||
Last updated 15.59pm 14/05/2024 ? |
Featured News
PDN (ASX) Chart |