Namibia rss

Namibian mine prepares for care and maintenance decision

Uranium and Fuel

26 April 2018

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.

Etango study identifies capital savings

Uranium and Fuel

10 November 2017

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.

Langer Heinrich company value seen at $583 million


25 July 2017

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.

Paladin creditors agree to proposed restructuring


11 December 2017

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.

CNNC decides against Langer Heinrich buyout


21 August 2017

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,

Paladin Energy enters administration

Uranium and Fuel

03 July 2017

Langer_Heinrich_view_(Paladin)-48Paladin Energy Ltd has today appointed administrators after it was unable to agree a delay to the repayment of $277 million it owes Electricité de France. The administrators will continue to operate the company on a business-as-usual basis until further notice.