Paladin says Malawi’ Kayelekera plant off-line

Uranium miner Paladin Energy on Monday advised that its drying and packaging plant at its Kayelekera uranium Mine, in Malawi, was temporarily off-line to allow for planned maintenance

Paladin’s CEO John Borshoff said that plans were in place to divert Kayelekera concentrates through the Langer Heinrich operations, in Namibia, for final drying and packing en route to export from Walvis Bay, in the normal manner.

“The short-term changes to final drying and packaging of Kayelekera concentrate are not expected to impact Paladin’s production guidance for FY2012 of 7.4 million pounds to 7.9 million pounds of U3O8,” the company said.

Kayelekera plant off-line

Paladin said the Langer Heinrich operation had sufficient reserve capacity in its drying and packing plant to process the Kayelekera concentrate, until the Malawi plant was recommissioned.

The company said it had finalised and executed the documentation required to for the US$141 million worth of financing required for the Stage 3 expansion of its Langer Heinrich Mine.

The project was on track to reach nameplate capacity by the first quarter of 2012.

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