Resuming operation of the Kayelekera uranium mine in Malawi will cost an estimated USD50 million, a restart scoping study has concluded. Australian-based exploration company Lotus Resources Ltd bought the mine - currently in care and maintenance - from Paladin Energy earlier this year. Lotus says it now plans to advance to a restart feasibility study.
Uranium & Fuel 22 October 2020
Paladin Energy has agreed to sell its 85% interest in the Kayelekera uranium mine in Malawi to Hylea Metals Ltd for AUD5 million (USD3.5 million) in cash and shares. Paladin says the sale will enable it to focus on optimising and restarting its Langer Heinrich Mine in Namibia.
Uranium & Fuel 24 June 2019