Uranium miner Paladin Energy expects to benefit should there be a substantial increase in the uranium price, following signs of recovery in late 2018, chairperson Rick Crabb said in the company’s annual report for the 2019 financial year, published on Tuesday. The miner owns 75% of the Langer Heinrich mine, in Namibia, which is said to have reserves that will support “many more years” of production if it resumes production. Paladin put the mine on care and maintenance in 2018, as a result of low uranium prices. It has now embarked on a prefeasibility study to assess options for restarting the operation.
