Johannesburg - Metals miner Paladin Energy signed agreements
with three new customers in the United States to sell uranium output from its
Langer Heinrich mine in Namibia.
Sales commitments from the deals total over 2.8 million
pounds of U308, helping Paladin strengthen its presence in the US nuclear
market.
The company expects to begin deliveries from 2012, extending
through 2016, it said in a statement.
The Langer Heinrich Stage 3 expansion project is almost
complete and is set to increase annual production to 5.2 million pounds from
3.7 million pounds of U308, the company said.
The Perth, Western Australia-based company's shares closed at C$1.98 on Friday on the Toronto Stock Exchange.