ASX-listed uranium miner Paladin Energy’s two mines in Namibia and Malawi remain under care and maintenance to preserve resource and shareholder value in the current low uranium price environment; however, the company is positive that uranium demand will pick up in the near future.
The company plans to restart production at the Langer Heinrich mine, in Namibia, within the next two years, and is selling the Kayelekera mine, in Malawi.