Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Today

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

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Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

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Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

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There is a significant need for smart and technological financial solutions in the diamond industry

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30 august 2021

Paladin to expand further its uranium mine in Namibia

01 july 2009

The ASX- and TSX-listed uranium firm, Paladin Energy says it concluded a feasibility study on expansion options for its Langer Heinrich uranium mine, in Namibia.
Paladin board approved to proceed with the Stage 3 expansion of its flagship project.
The expansion would result in nominal production increase to about 5,2-million tonnes a year of uranium oxide (U3O8), with a targeted completion date of September 2010.
The firm had an initial nominal production target of six-million pounds a year.
A revised scenario was developed based upon maximum use of the current water allowances, such that the Stage 2 expansion was not prone to delays in achieving additional water supply.
Paladin stated that using a conservative consumption figure, the approach redefined the leach tonnage to two-million tonnes a year, or 3,33-million tonnes a year crushed, with a nominal production rate of 5,2-million pounds a year.
Paladin noted that infill drilling would start in the near future to upgrade a portion of the remaining 91,5-million pound U3O8 of inferred resources, to enable sequential integration into mine planning.
The historical conversion rate of between 75 percent and 80 percent of the inferred resources category into indicated and measured resources, was expected to be maintained.
“Such a conversion rate would sustain a mine life in excess of 20 years at 800 ppm, at the expanded production rate of 5,2-million pounds a year. After this, the project would have available 40-million tons of low-grade stockpiles, at 350 ppm U3O8, for which a mining model is expected to be determined,” it said in statement.
Currently, long-term production guidance was 6,6-million pounds for the financial year ending June 2010, and 8,4-million pounds for the financial year ending June 2011. The guidance for the financial year ending June 2012 was at 9,3-million pounds.

Mathew Nyaungwa, Rough&Polished from Namibia