PDN 0.37% $1.37 paladin energy ltd

Alexander Molyneux in London over the weekend speaking at the...

  1. 3,495 Posts.
    Alexander Molyneux in London over the weekend speaking at the World Nuclear Association symposium.

    http://www.world-nuclear-news.org/articlepost.aspx?id=41123

    "... Paladin Energy intends to remain a sustainable long-term supplier and is adapting to the downturn in uranium, its CEO Alexander Molyneux said. The Langer Heinrich mine in Namibia is a "strategic tier 1 mine", he said, and the company aims to maximise cash flow through optimisation, without breaching the integrity of its long-term mining plan.

    A major step in the optimisation process has been the installation of a bicarbonate recovery facility: a nanofiltration plant. This separates bicarbonate after the leaching phase, allowing the reagent to be recycled. This has resulted in a reduced cash cost of finished production by $6 per pound, he said. The plant cost $6 million to build and is enabling savings of about $36 million per year.

    While the company has the scope to cut costs further, changes to the business plan mean that some capabilities have been lost, Molyneux said. With the Kayelekera mine in Malawi on care and maintenance, it cannot expand its business rapidly - it would probably take 18-24 months to bring the mine back into production, he said..."
 
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