Related Topic: Namibia

Rio Tinto completes Rössing sale to China

Rio Tinto completes Rössing sale to China

Rio Tinto has completed the sale of Rössing, the world's longest-running open pit uranium mine, to China National Uranium Corporation Limited for an initial cash payment of USD6.5 million plus a contingent payment of up to USD100 million.

Corporate 18 July 2019


Rössing sale gets final approval

Rössing sale gets final approval

The Namibian Competition Commission has conditionally approved China National Uranium Corporation’s acquisition of Rössing Uranium Limited. It is the only approval needed for the transaction to be completed. Rössing, the world's longest-running open pit uranium mine, has been in operation since 1976 and has a nameplate capacity of 4500 tonnes U3O8 per year.

Corporate 01 July 2019


Paladin announces PFS for Langer Heinrich restart

Paladin announces PFS for Langer Heinrich restart

Paladin Energy Limited has announced a pre-feasibility study for the restart of the Langer Heinrich uranium mine in Namibia after identifying options to reduce operating costs and maintain cost competitiveness.

Uranium & Fuel 27 February 2019


Optimisation studies begin at Namibian uranium mine

Optimisation studies begin at Namibian uranium mine

Paladin Energy is embarking on two studies to optimise its Langer Heinrich uranium mine in Namibia in preparation for a restart decision. The company will also examine the potential recovery of vanadium as a by-product at the mine, which is currently under care and maintenance.

Uranium & Fuel 07 December 2018


Rio Tinto tosell Rössing stake

Rio Tinto to sell Rössing stake

Rio Tinto has agreed to sell its entire 68.62% stake in Rössing Uranium Limited, owner of the Rössing mine in Namibia, to China National Uranium Corporation Limited for up to USD106.5 million.

Corporate 26 November 2018


Namibian mine prepares for care and maintenance decision

Namibian mine prepares for care and maintenance decision

Langer_Heinrich_view_(Paladin)-48Paladin Energy has begun preparations at Langer Heinrich ahead of a potential decision to put the Namibian uranium mine under care and maintenance. A decision is expected within two months.

Uranium & Fuel 26 April 2018


Paladin creditors agree to proposed restructuring

Paladin creditors agree to proposed restructuring

Paladin Energy's creditors have agreed to a proposal to restructure the company's debt and reinstate it to quotation on the ASX. The Western Australia-based company's creditors have executed the proposed deed of company arrangement (DOCA). Major creditor Electricité de France previously said it may seek to have the DOCA, which it claims is unfairly prejudicial towards it, terminated.

Corporate 11 December 2017


Etango study identifies capital savings

Etango study identifies capital savings

Etango_demonstration_plant_(Bannerman)_48A recently completed process optimisation study has shown how Bannerman Resources can save an estimated $73 million in capital costs at its Etango uranium project. The study forms the first part of Bannerman's update of the definitive feasibility study for its 95%-owned Namibian project.

Uranium & Fuel 10 November 2017


CNNC decides against Langer Heinrich buyout

CNNC decides against Langer Heinrich buyout

Langer Heinrich sign (Paladin) 72x48The Langer Heinrich uranium mine in Namibia will remain under the ownership of Paladin Energy as the company goes through administration after joint venture partner CNNC Overseas Uranium Holdings decided not to exercise its option to acquire Paladin's share of the mine. Paladin owes EDF $277 million. million,

Corporate 21 August 2017


Langer Heinrich company value seen at $583 million

Langer Heinrich company value seen at $583 million

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding company to be $583 million, Paladin Energy has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

Corporate 25 July 2017