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
$16.47 |
Change
-0.070(0.42%) |
Mkt cap ! $4.915B |
Open | High | Low | Value | Volume |
$16.25 | $16.53 | $16.20 | $16.84M | 1.026M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1941 | $16.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.48 | 4780 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 250 | 16.450 |
3 | 6256 | 16.400 |
1 | 1035 | 16.380 |
1 | 200 | 16.370 |
1 | 200 | 16.340 |
Price($) | Vol. | No. |
---|---|---|
16.480 | 4780 | 2 |
16.500 | 4664 | 3 |
16.520 | 4580 | 1 |
16.530 | 17243 | 4 |
16.540 | 5 | 1 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
Last
$16.41 |
  |
Change
-0.070 ( 0.67 %) |
|||
Open | High | Low | Volume | ||
$16.22 | $16.53 | $16.22 | 269184 | ||
Last updated 15.59pm 13/05/2024 ? |
Featured News
PDN (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online