CHAMWE KAIRA
Paladin Energy’s Langer Heinrich Mine in the Erongo region has 21 million pounds (Mlb) of uranium contracted through 2030, providing the operation with a substantial sales base as uranium market fundamentals continue to strengthen.
The mine sold 4.35Mlb of uranium oxide (U3O8) during the 2026 financial year at an average realised price of US$70 per pound.
Paladin said 44% of its contracted volumes for the 2026–2030 period are subject to base-escalated and fixed pricing, while the remainder is linked to market-related pricing.
The company said 85% of Langer Heinrich’s 70Mlb ore reserve is either exposed to market-related prices or remains uncontracted, leaving the operation positioned to benefit from potential increases in uranium prices.
On an ore-reserve basis, 15% of the contracted uranium is covered by base-escalated and fixed prices, while 56% is subject to market-related prices.
Langer Heinrich, located about 85 kilometres northeast of Walvis Bay, has produced more than 51Mlb of U3O8 to date.
Namibia accounts for about 13% of global uranium production, according to Paladin, citing UxC’s second-quarter 2026 Uranium Market Outlook.
The mine has established relationships with nuclear utilities, uranium converters, enrichers, shipping providers and intermediaries globally.
Paladin said these relationships, together with its in-house uranium marketing expertise, give it a commercial advantage in securing contracts and meeting customer delivery obligations.
Uranium produced at Langer Heinrich is transported by road to Walvis Bay, where it is stored in a dedicated dangerous-goods facility before being shipped to customers.
Typical shipping times are about five weeks to North America and Europe and about six weeks to China.
The mine’s customer base includes facilities operated by Converdyn-Solstice Metropolis in the United States, Cameco’s Port Hope facility in Canada and Orano’s Malvési facility in France, as well as customers in China.
Paladin expects Langer Heinrich to increase production in the 2027 financial year, although planned maintenance shutdowns in September and December 2026 are expected to weigh on output during the first half of the year.
The company has forecast 2027 production of between 5.1Mlb and 5.6Mlb of U3O8, with sales expected at between 4.8Mlb and 5.3Mlb.
Key capital expenditure items include tailings storage facilities, process improvement studies and infill drilling.
Paladin also highlighted Langer Heinrich’s contribution to the Namibian economy and surrounding communities.
The mine employs 420 people, of whom 99% are Namibian nationals, and supports initiatives focused on youth education and development, health, wellbeing and community engagement.
