Namibia: Langer Heinrich Mine Powers Paladin Energy

1 September 2011

LANGER Heinrich remained the heavyweight in the Paladin Energy stable during the past financial year, bringing in nearly 62 per cent of the uranium miner's total consolidated revenue of US$268,9 million.

The Namib mine sold uranium oxide worth US$166,5 million nearly N$1,2 billion at yesterday's exchange rate - to external customers, according to Paladin's 2011 annual report. This is about 24,7 per cent more than last year.

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