https://newsletter.mw.creamermedia.com
Energy|Mining|Maintenance|Operations
Energy|Mining|Maintenance|Operations
energy|mining|maintenance|operations

Paladin Energy halts uranium mining in Namibia due to heavy rainfall, shares slip

21st March 2025

By: Reuters

  

Font size: - +

Australian uranium producer Paladin Energy said on Friday it had temporarily halted operations at its Langer Heinrich Mine in Namibia due to heavy rainfall in the country, sending its shares to an over one-week low.

As a direct consequence of the severe weather event, access to the mine has been severely impeded and all activities have been put on hold, Paladin said.

The Langer Heinrich Mine is 75% owned by the company and is a significant contributor to its uranium production.

Shares of Australia's biggest pure-play uranium miner as per market value fell as much as 8.9% to hit its lowest level since March 13, as of 23:39 GMT, and were on track for their weakest session since January 28.

In December, the mine was restarted after a planned shutdown in November to undergo plant maintenance activities and a number of improvement works.

Along with the shutdown, Paladin had slashed its annual production forecast to 3.0-million to 3.6-million pounds from 4.0-million to 4.5-million pounds, citing operational challenges and delays in ramping up production.

Paladin said on Friday the full impact of the weather event and disruption to production would be assessed when conditions have stabilised.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 14 November 2025
Magazine round up | 14 November 2025
14th November 2025
Golden City being put back on gold map by exciting new West Wits gold project; and, Thungela highlights innovation, talent, sustainability in coal processing at Coal Africa 2025
Resources Watch
12th November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.234s - 165pq - 2rq
Subscribe Now