Paladin Energy’s Langer Heinrich uranium mine is expecting to produce 2.6 million pounds of the yellow cake this year, the Chief Executive Officer of Paladin Energy Limited, John Borshoff, has said.

In a statement this week, Borshoff said the company expected to produce 1.1 million pounds more uranium per annum at Langer Heinrich when the Stage Two expansion project is completed at the end of this year.
Langer Heinrich has reserves of 38 million pounds of U3O8 and resources of 106 million pounds.
Borshoff said the first aim was to get Langer Heinrich into production and then complete the construction of Kayelekera in Malawi to consolidate the company’s position, and use these achievements as a stepping-stone for further global growth.
Borshoff said the plan was to have Paladin grow into a major global uranium supplier, using its large resource of nearly 270 million pounds in six deposits.
“We are building our production base from Langer Heinrich and Kayelekera during a significant market upturn. We are well funded, we are unhedged and we will add value to our sales contracts by establishing our marketing and trading arm. We will continue to look for merger and acquisition opportunities, using our proprietary uranium databases,” he added.