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Langer Heinrich teetering as uranium price remains in doldrums

PALADIN Energy is facing up to the reality of having to shut the 75%-owned Langer Heinrich uranium operation in Namibia, with discussions underway with stakeholders and a formal decision expected within the next couple of months.

Michael Quinn
Paladin is getting ready to potentially turn off the lights at Langer Heinrich.

Paladin is getting ready to potentially turn off the lights at Langer Heinrich.

The likelihood of the operation closing comes with the average uranium spot price in 2018 being the lowest in 15 years, and Paladin recently suggesting up to 40% of global supply being at risk under current...

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