Paladin Energy Limited (ASX:PDN)
Paladin Energy Limited (ASX:PDN) is an Australian-based global uranium leader with two mines in Africa, Langer Heinrich in Namibia and Kayelekera in Malawi. Paladin also has a diversified portfolio of development assets in Australia and North America with unsurpassed uranium price leverage (~8Mlbpa idled capacity).
Paladin is listed on the Australian Securities Exchange and the Namibian Stock Exchange (NSX) under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with two mines in Africa and projects in Australia and Canada.
The Langer Heinrich Mine in Namibia is Paladins flagship project and has a production capacity of 5.0Mlbpa.
The Kayelekera Mine in Malawi was officially opened in April 2009 and is capable of operating at design production rates of 3.3Mlbpa uranium.
Paladin has placed both mines on care and maintenance due to the sustained low uranium spot price and to preserve resource and shareholder value. However, in March 2019 Paladin commenced feasibility studies aimed at re-positioning the Langer Heinrich operation for a restart when a suitable uranium incentive price is reached and to develop opportunities to reduce operating costs and potentially recover vanadium.
Paladin also wholly owns Summit Resources Limited (ASX: SMM) after completing acquisition of outstanding shares in the company in November 2018.