The mine produced nearly 1, 2 million pounds of uranium in the fourth quarter of 2011, an raise of 40, 5 per cent compare to the third quarter. Production was also 33 per cent top than that of the second quarter and nearly 50 per cent more than what was mined in the first quarter of 2011.
In total, Langer Heinrich delivered about 3, 7 million pounds of uranium last year, Paladin Energy’s fourth quarter report, on the loose yesterday, shows.Tonnage through the process plant increased by 26 per cent in the fourth quarter with a throughput of 630 397 tonnes of ore crushed.Paladin, owner of Langer Heinrich, said overall plant competence during the quarter improved from 80,2 per cent in the third quarter to 83,8 per cent.
Paladin said the construction phase of the mine’s Stage 3 development project has been completed.“Ramp-up of the plant is predictable to be completed in the March quarter of 2012 with the project at an overall 99 per cent state of completion,” Paladin said. The company said all technical aspects of the Stage 4 possibility study were finished at the end of 2011. The economic modelling and compassion analysis are currently underway.
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