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Paladin Energy

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65-816: Paladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich Mine (LHM) in Namibia. Paladin was listed on the Australian , OTC and Namibian Stock Exchanges , as well as the Munich , Berlin , Stuttgart and Frankfurt Exchanges. It also owns deposits in Western Australia. As of February 2018, Paladin

130-755: A BFS in 2004. Paladin's Board approved the development proposal at a capital cost of US$ 92M in 2005; site works began in September 2005;and, the project construction was completed on time and within budget. The mine was officially opened by the President of the Republic of Namibia in March 2007. In July 2016, it was reported that Paladin was looking to sell a further 24% stake in the Langer Heinrich Mine to an unnamed buyer. In subsequent reports, it

195-683: A capacity of 23,200 cubic metres per day (146,000 barrels per day) until its closure in 2021, producing most of the state's petrol and diesel. Kwinana also hosts alumina and nickel processing plants, port facilities for grain and other bulk exports, and support industries for mining and petroleum such as heavy and light engineering, and metal fabrication. Shipbuilding (e.g. Austal ) and associated support industries are found at nearby Henderson , just north of Kwinana. Significant secondary industries include cement and building product manufacturing, flour milling, food processing, animal feed production, automotive body building and printing. Western Australia has

260-527: A comparative advantage in resource extraction and processing. As a consequence: In 2019 Western Australia's overseas exports accounted for 46% of the nation's total. The state's major export commodities included iron-ore, petroleum, gold, alumina , nickel, wheat, copper, lithium, chemicals and mineral sands. Western Australia is the world's largest iron-ore producer (34% of the world's total), and extracts 66% (6.9% of world production) of Australia's 306 tonnes (9.8 million troy ounces) of gold in 2022. It

325-459: A further 1,196 species currently recognised but unpublished. They occur within 1,543 genera from 211 families ; there are also 1,276 naturalised alien or invasive plant species, more commonly known as weeds. In the southwest region are some of the largest numbers of plant species for its area in the world. Western Australia's ecoregions include the sandstone gorges of the Kimberley on

390-403: A lack of storage and refrigeration facilities favour live animals over imports of processed meat. About half of Australia's live cattle exports come from Western Australia. Resource sector growth in recent years has resulted in significant labour and skills shortages, leading to recent efforts by the state government to encourage interstate and overseas immigration. According to the 2006 census,

455-517: A result, the South West region of the state has a higher concentration of rare, threatened or endangered flora and fauna than many areas of Australia, making it one of the world's biodiversity "hot spots". Large areas of the state's wheatbelt region have problems with dryland salinity and the loss of fresh water. The southwest coastal area has a Mediterranean climate . It was originally heavily forested, including large stands of karri , one of

520-553: A scientific paper, General view of the botany of the vicinity of Swan River . It discusses the vegetation of the Swan River Colony . Europeans began to settle permanently in 1826 when Albany was claimed by Britain to forestall French claims to the western third of the continent. Perth was founded as the Swan River Colony in 1829 by British and Irish settlers, though the outpost languished. Its officials eventually requested convict labour to augment its population. By

585-628: A significant fishing industry. Products for local consumption and export include western rock lobsters , prawns, crabs, shark and tuna, as well as pearl fishing in the Kimberley region of the state. Processing is conducted along the west coast. Whaling was a key marine industry but ceased at Albany in 1978. Western Australia has the world's biggest plantations of both Indian sandalwood (northern WA) and Australian sandalwood (semi-arid regions), which are used to produce sandalwood oil and incense . The WA sandalwood industry provides about 40% of

650-479: A significant tenement package in the highly prospective Central Mineral Belt (CMB) in the province of Newfoundland and Labrador. Aurora had already established a Mineral Resource base of 40.2Mt at 0.09% U3O8 (83.8Mlb) of Measured and Indicated category material, with an additional 29.0Mt at 0.08% U3O8 (53.0Mlb) of Inferred category resources. In 2015, the Canadian Federal government granted an exemption to

715-490: Is 1,862 km (1,157 mi). There are 20,781 km (12,913 mi) of coastline, including 7,892 km (4,904 mi) of island coastline. The total land area occupied by the state is 2.5 million km (970 thousand sq mi). The bulk of Western Australia consists of the extremely old Yilgarn craton and Pilbara craton which merged with the Deccan Plateau of India, Madagascar and

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780-450: Is a major world producer of bauxite, which is processed into alumina at four refineries providing 11% of total world production. Until 2020 diamonds were extracted from the world's largest diamond mine in the far north Kimberley region. Coal mined at Collie is the main fuel for baseload electricity generation in the state's south-west. Agricultural production in WA is a major contributor to

845-401: Is attributed by historians as an important factor driving the state's population and economic growth. Following a campaign led by Forrest, electors of the colony of Western Australia voted in favour of federation with the five other Australian colonies, resulting in Western Australia officially becoming a state on 1 January 1901. Western Australia is bounded to the east by longitude 129°E,

910-786: Is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Australia is Australia’s largest state, with a land area of 2,527,013 square kilometres (975,685 sq mi), and is also the second-largest subdivision of any country on Earth, surpassed only by the Sakha Republic in eastern Russia, and formerly Northwest Territories in Canada, before

975-434: Is currently nearing finalisation with the view to potentially increasing production up to 10Mlb per annum at a later date when the economics justify the additional investment required. Substantial technical work has been completed on this project since its discovery in 1973, mainly by Gencor (the original explorer), a large South African mining house that evolved into BHP . Paladin acquired Langer Heinrich in 2002, and started

1040-573: Is currently tilted 10 degrees away from the South Pole towards Western Australia, allowing for aurora australis displays as far north as Geraldton . Western Australia is home to around 630 species of birds (depending on the taxonomy used). Of these around 15 are endemic to the state. The best areas for birds are the southwestern corner of the state and the area around Broome and the Kimberley. The Flora of Western Australia comprises 10,162 published native vascular plant species, along with

1105-726: Is in the process of restructuring, having filed for insolvency in July 2017. Uranerz Australia started operations in Perth , Western Australia, in 1970 with John Borshoff, Paladin's managing director/CEO, serving as Chief executive from 1986 to 1991. Uranerz, the Australian arm of German-based uranium mining house Uranerzbergbau, explored throughout Australia, New Zealand, and Africa, focusing primarily on uranium. When Uranerz decided to close its Australian operations, John Borshoff acquired its extensive proprietary databases, which subsequently formed

1170-504: Is now known as Cape Inscription, Dirk Hartog Island . For the rest of the 17th century, other Dutch and British navigators encountered the coast of what Abel Tasman named New Holland in 1644, usually unintentionally as demonstrated by the many shipwrecks along the coast of ships that deviated from the Brouwer Route (because of poor navigation and storms). By the late 18th century, British and French sailors had begun to explore

1235-400: Is the northern tropical regions. The Kimberley has an extremely hot monsoonal climate with average annual rainfall ranging from 500 to 1,500 millimetres (20–60 in), but there is a very long almost rainless season from April to November. Eighty-five percent of the state's runoff occurs in the Kimberley, but because it occurs in violent floods and because of the insurmountable poverty of

1300-641: The Group Settlement Scheme of the 1920s, which encouraged farmers to settle the southwest—increased awareness of Australia's western third as a destination for colonists. Led by immigrants from the British Isles, Western Australia's population developed at a faster rate during the twentieth century than it had previously. After World War II , both the eastern states and Western Australia received large numbers of Italians , Croatians and Macedonians . Despite this, Britain has contributed

1365-588: The Kaapvaal and Zimbabwe cratons of Southern Africa, in the Archean Eon to form Ur , one of the oldest supercontinents on Earth (3 – 3.2  billion years ago). In May 2017, evidence of the earliest known life on land may have been found in 3.48-billion-year-old geyserite and other related mineral deposits (often found around hot springs and geysers ) uncovered in the Pilbara craton. Because

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1430-437: The Swan River Colony with Perth as its capital in 1829. The Western Australian gold rushes of the late 19th century resulted in a significant population influx. The colony was granted responsible government in 1890, the last of the Australian colonies to become self-governing, and federated with the other colonies in 1901. Western Australia's mining sector is a key driver of the state economy . The late 20th century saw

1495-555: The Wheatbelt and temperate southern coastal regions, pastoralism in marginal grassland areas, forestry in the south-west and fishing (including pearling and, historically, whaling ). Western Australia has a geological history dating back to 4.4 billion years ago when Hadean zircons were formed. The earliest direct known life on land, known as stromatolites , started to be created by microbes at around 3.48 billion years ago. The first human inhabitants of Australia arrived from

1560-489: The tallest trees in the world. This agricultural region is one of the nine most bio-diverse terrestrial habitats, with a higher proportion of endemic species than most other equivalent regions. Thanks to the offshore Leeuwin Current , the area is one of the top six regions for marine biodiversity and contains the most southerly coral reefs in the world. Average annual rainfall varies from 300 millimetres (12 in) at

1625-576: The 1890s around Kalgoorlie . In 1887, a new constitution was drafted, providing for the right of self-governance of European Australians, and in 1890, the act granting self-government to the colony was passed by the British Parliament . John Forrest became the first Premier of Western Australia . In 1896, after discoveries of gold at Coolgardie and Kalgoorlie , the Western Australian Parliament authorised

1690-885: The 1980s, and Paladin secured them at low cost during the depressed uranium market. Paladin has augmented its resource base in Australia through the acquisition of Valhalla Uranium Pty Ltd, whose primary assets are the 50% joint venture interests in the Valhalla and Skal deposits near Mount Isa in Queensland and 41.71% ownership of the Bigrlyi deposit in the Northern Territory. Paladin also has an 82.08% controlling interest in Summit Resources Limited, Valhalla's joint venture partner at Mount Isa and

1755-433: The 2016 census, 75.2% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.9%), Italian (1.2%), Vietnamese (0.8%), Cantonese (0.8%) and Tagalog (0.6%). According to the 2021 census, Christianity is the major religious affiliation in WA, followed by 41.1% of its population. In 1971, Christianity was followed by 85.5% of the population and it has been declining since, while

1820-537: The Australian government in order to block the Aluminium Corporation of China (Chinalco) investment in Rio Tinto . In 2012, Paladin joined forces with Rio Tinto to block the sales of BHP Billiton's Australian uranium deposit to Canadian mining company, Cameco . Founder of Paladin, John Borshoff stepped down as CEO in 2015 as part of a board decision. Alexander Molyneux, took over as interim CEO of

1885-521: The United Nations Human Rights Commission argued that Malawi would lose money and resources over the life of the mine. In 2014, Paladin suspended production at Kayelekera, citing lowered uranium prices at the reason for suspension. In February 2011, Paladin completed the acquisition of its first Canadian project. Paladin acquired the uranium assets of Canadian company Aurora Energy Resources Inc. (Aurora) which added

1950-587: The Western Australian coast. The Baudin expedition of 1800–03 included the coast of Western Australia and resulted in the Freycinet Map of 1811 , the first published map featuring the full outline of Australia. The name New Holland remained in popular and semi-official use until at least the mid-1850s; that is, it was in use for about 206 years in comparison to the name Australia which to date has been in use for about 195 years. The origins of

2015-464: The ban on all uranium mining activity. South Australia is still undertaking research into the effect of uranium mining in the state. Mining is still banned in New South Wales, Victoria and Tasmania. Paladin owns the Valhalla deposit with both measured and indicated uranium resources of 24,425tU. Western Australian Western Australia (WA) is the westernmost state of Australia . It

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2080-805: The coast around the Margaret River wine-growing area. Going east along the Southern Ocean coast is the Goldfields-Esperance region, including the Esperance mallee and the Coolgardie woodlands inland around town of Coolgardie . Deserts occupy the interior, including the Great Sandy-Tanami desert , Gibson Desert , Great Victoria Desert , and Nullarbor Plain . In 1831 Scottish botanist Robert Brown produced

2145-685: The coast of Western Australia. On 7 March 1831 it was transferred to the control of the Swan River Colony, and named Albany in 1832. In 1829 the Swan River Colony was established on the Swan River by Captain James Stirling . By 1832, the British settler population of the colony had reached around 1,500, and the official name of the colony was changed to Western Australia on 6 February that year. The two separate townsites of

2210-730: The coastal plains, in some cases forming a sharp escarpment (as with the Darling Range/ Darling Scarp near Perth). The extreme age of the landscape has meant that the soils are remarkably infertile and frequently laterised . Even soils derived from granitic bedrock contain an order of magnitude less available phosphorus and only half as much nitrogen as soils in comparable climates in other continents. Soils derived from extensive sandplains or ironstone are even less fertile, nearly devoid of soluble phosphate and deficient in zinc , copper, molybdenum and sometimes potassium and calcium . The infertility of most of

2275-425: The colony developed slowly into the port city of Fremantle and the state's capital, Perth . York was the first inland settlement in Western Australia, situated 97 kilometres (60 mi) east of Perth and settled on 16 September 1831. York was the staging point for early explorers who discovered the rich gold reserves of Kalgoorlie. Population growth was very slow until significant discoveries of gold were made in

2340-491: The company. In 2016, The Australian reported that Paladin may be in talks with Russian owned ARMZ Uranium Holding as well as China National Nuclear Corporation. CNNC is a 25% owner in Paladin's Namibian mine Langer Heinrich. Paladin posted a loss of $ 22,9 million after tax in the six months to 31 December 2015. In 2016, Paladin announced the sale of non-core Australian exploration assets to Uranium Africa. The value of

2405-471: The creation of Nunavut. It is also the largest proper subnational entity, being a state rather than a territory or an autonomous region. Western Australia has a diverse range of climates, including tropical conditions in the Kimberley , deserts in the interior (including the Great Sandy Desert , Little Sandy Desert , Gibson Desert , and Great Victoria Desert ) and a Mediterranean climate on

2470-518: The current regulations on foreign ownership of active producing mines in Canada. Paladin was granted the right to have a majority ownership stake in the Michelin uranium mine, located in Newfoundland. Paladin was able to secure the exemption by demonstrating that no suitable Canadian owned company was attracted to the venture. A uranium mining ban dating back to 1989 had been in place, hindering

2535-432: The development of the state's significant iron ore mining industry – the world's largest – as well as primarily offshore petroleum and natural gas resources . Gold mining retains a significant presence and many other mineral commodities are mined, with Perth being a major centre for associated services. Outside of mining, primary industry is the other significant contributor to the state's economy, including agriculture in

2600-569: The edge of the Wheatbelt region to 1,400 millimetres (55 in) in the wettest areas near Northcliffe , but from November to March, evaporation exceeds rainfall, and it is generally very dry. Plants are adapted to this as well as the extreme poverty of all soils. The central two-thirds of the state is arid and sparsely inhabited. The only significant economic activity is mining. Annual rainfall averages less than 300 millimetres (8–10 in), most of which occurs in sporadic torrential falls related to cyclone events in summer. An exception to this

2665-611: The generally shallow soils, the only development has taken place along the Ord River . Snow is rare in the state and typically occurs only in the Stirling Range near Albany , as it is the only mountain range far enough south and sufficiently elevated. More rarely, snow can fall on the nearby Porongurup Range . Snow outside these areas is a major event; it usually occurs in hilly areas of southwestern Australia. The most widespread low-level snow occurred on 26 June 1956 when snow

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2730-466: The greatest number of immigrants to this day. Western Australia—particularly Perth—has the highest proportion of British-born of any state: 10.3% in 2011, compared to a national average of 5.1%. This group is heavily concentrated in certain parts, where they account for a quarter of the population. Perth's metropolitan area (including Mandurah ) had an estimated population of 2,043,138 in June 2017 (79% of

2795-514: The group's Australian activities for more than a decade. This ban was overturned in October 2012, paving the way for firms like Paladin to take advantage of the vast resources available; exploration had not been prohibited and thus the reserves have been targeted and are ready for mining. However, it was not all of Australia that lifted the ban. In 2015, the Government of Queensland reinstated

2860-437: The holder of other promising exploration titles in the region. Langer Heinrich Mine in Namibia is Paladin's flagship project. Having reached its initial production of 2.7Mlb U3O8 per annum in 2008, the mine completed its Stage 2 ramp-up to 3.7Mlb per annum in the 2010 financial year. Subsequently, the company has completed a Stage 3 expansion and began producing at a 5.2Mlb per annum rate. An additional Stage 4 expansion review

2925-516: The international sandalwood oil market. In recent years, tourism has grown in importance, with significant numbers of visitors to the state coming from the UK and Ireland (28%), other European countries (14%) Singapore (16%), Japan (10%) and Malaysia (8%). Revenue from tourism is a strong economic driver in many of the smaller population centres outside of Perth, especially in coastal locations. Gencor Too Many Requests If you report this error to

2990-431: The median individual income was A$ 500 per week in Western Australia (compared to A$ 466 in Australia as a whole). The median family income was A$ 1246 per week (compared to A$ 1171 for Australia). Recent growth has also contributed to significant rises in average property values in 2006, although values plateaued in 2007. Located south of Perth, the heavy industrial area of Kwinana had the nation's largest oil refinery with

3055-426: The meridian 129 degrees east of Greenwich, which defines the border with South Australia and the Northern Territory , and bounded by the Indian Ocean to the west and north. The International Hydrographic Organization (IHO) designates the body of water south of the continent as part of the Indian Ocean; in Australia it is officially gazetted as the Southern Ocean . The total length of the state's eastern border

3120-513: The north "over 50,000 years ago and possibly as much as 70,000 years ago". Over thousands of years they eventually spread across the whole landmass. These Indigenous Australians were long established throughout Western Australia by the time European explorers began to arrive in the early 17th century. The first Europeans to visit Western Australia were those of the Dutch Dirk Hartog expedition, who on 25 October 1616 landed at what

3185-538: The northern coast, and below that the drier Victoria Plains tropical savanna inland, and the semi-desert Pilbara shrublands , Carnarvon xeric shrublands , and Western Australian mulga shrublands to the southwest. Southwards along the coast are the Southwest Australia savanna and the Swan Coastal Plain around Perth, with the jarrah-karri forest and shrublands on the southwest corner of

3250-458: The nucleus for the public float of Paladin in 1994. In February 2008, Paladin, in conjunction with joint venture partner Cameco , were selected from a highly competitive field to explore the Angela and Pamela deposits located approximately 25 km south of Alice Springs in the Northern Territory . Following successful completion of two drilling programmes, an updated Mineral Resource estimate

3315-582: The only mountain-building since then has been of the Stirling Range with the rifting from Antarctica , the land is extremely eroded and ancient, with no part of the state above 1,249 metres (4,098 ft) AHD (at Mount Meharry in the Hamersley Range of the Pilbara region). Most of the state is a low plateau with an average elevation of about 400 metres (1,200 ft), very low relief, and no surface runoff . This descends relatively sharply to

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3380-443: The percentage of people who identified as having no religious affiliation has increased from 8.7% in 1971 to 42.9% in 2021. A small minority of the population are Muslims (2.5%), Buddhists (2.2%) and Hindus (2.0%). Western Australia's economy is largely driven by extraction and processing of a diverse range of mineral and petroleum commodities. The structure of the economy is closely linked to these natural resources, providing

3445-474: The present state began with the establishment by Lockyer of a convict-supported settlement from New South Wales at King George III Sound . The settlement was formally annexed on 21 January 1827 by Lockyer when he commanded the Union Jack be raised and a feu de joie fired by the troops. The settlement was founded in response to British concerns about the possibility of a French colony being established on

3510-524: The project for ten years. Kayelekera was officially opened in April 2009 and has operated at designed production rates of 3.3Mlb U3O8. Project life is expected to run for at least an additional 8 years with exploration underway to identify feedstocks to extend the current project life. The uranium development in Malawi has been besieged by issues and international media attention since 2008. A report presented by

3575-550: The raising of a loan to construct a pipeline to transport 23 megalitres (5 million imperial gallons) of water per day to the burgeoning population on the goldfields. The pipeline, known as the Goldfields Water Supply Scheme , was completed in 1903.  C. Y.  O'Connor , Western Australia's first engineer-in-chief, designed and oversaw the construction of the pipeline. It carries water 530 km (330 mi) from Perth to Kalgoorlie , and

3640-804: The sale was A$ 2.5 million and included the Oobagoma project in Western Australia and Pamela/Angela project in the Northern Territory. In 2017, Paladin filed for insolvency, due to its high debt and consistently low uranium prices. The stock was also delisted from the Toronto Stock Exchange. In June 2018, former Newcrest executive Scott Sullivan was appointed to take over the CEO responsibilities from Alexander Molyneux. The company's uranium projects include Langer Heinrich in Namibia and Manyingee in Western Australia. Each of these projects had feasibility studies carried out by previous owners during

3705-401: The soils has required heavy application by farmers of fertilisers. These have resulted in damage to invertebrate and bacterial populations. The grazing and use of hoofed mammals and, later, heavy machinery through the years have resulted in compaction of soils and great damage to the fragile soils. Large-scale land clearing for agriculture has damaged habitats for native flora and fauna. As

3770-533: The south-west and southern coastal areas. As of 2021, the state has 2.91 million inhabitants—11 percent of the national total. Over 90 percent of the state's population live in the south-west corner and around 80 percent live in the state capital Perth , leaving the remainder of the state sparsely populated. The Trans-Australian Railway and the Eyre Highway traverse the Nullarbor Plain in

3835-555: The state and national economy. In the period 2010–2019 wheat production in WA has averaged nearly 10 million tonnes (22 billion pounds), valued at $ 2.816   billion in 2019, accounting for half the nation's total and providing $ 2–3   billion in export income. Other significant farm output includes wool, beef, lamb, barley, canola, lupins, oats and pulses. There is a high level of overseas demand for live animals from WA, driven mainly by southeast Asia's feedlots and Middle Eastern countries, where Islamic dietary laws and

3900-431: The state's south-east, providing the principal connection between Western Australia and the population centres in the eastern states . Western Australia's Indigenous peoples have been present for tens of thousands of years. Dutch explorers visited Western Australia from the 17th century, with Dirk Hartog 's 1616 expedition the first Europeans to make landfall. The British claimed Western Australia in 1827 and established

3965-451: The state). Other significant population centres include Bunbury (73,989), Geraldton (37,961), Kalgoorlie-Boulder (30,420), Albany (33,998), Karratha (16,446), Broome (14,501) and Port Hedland (14,285). At the 2016 census, the most commonly nominated ancestries were: 3.1% of the population, or 75,978 people, identified as Indigenous Australians ( Aboriginal Australians and Torres Strait Islanders ) in 2016. At

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4030-550: The time transportation ceased in 1868, convicts outnumbered free settlers 9,700 to 7,300. In the 1890s, interstate immigration, resulting from a mining boom in the Goldfields region , resulted in a sharp population increase. Western Australia did not receive significant flows of immigrants from Britain, Ireland or elsewhere in the British Empire until the early 20th century. At that time, its local projects—such as

4095-521: Was completed by the joint venture partners in July 2011. In February 2009, Paladin completed the takeover of Fusion Resources, adding the Duke Batman and Honey Pot deposits to the existing Mount Isa project area. The capacity of the LHM operation has been successfully expanded to a production rate of 5.2Mlb per annum. According to diplomatic cables leaked in 2010, BHP Billiton attempted to lobby

4160-653: Was reported in the Perth Hills , as far north as Wongan Hills and as far east as Salmon Gums . However, even in the Stirling Range, snowfalls rarely exceed 5 cm (2 in) and rarely settle for more than one day. The highest observed temperature of 50.7 °C (123.3 °F) was recorded in Onslow on 13 January 2022. The lowest temperature recorded was −7.2 °C (19.0 °F) at Eyre Bird Observatory on 17 August 2008. The south geomagnetic pole

4225-640: Was stated that the buyer would be a division of the state-owned China National Nuclear Corporation (CNNC). The value is expected to be $ 175 million. However, in December 2016, Paladin reported that the sale had been delayed. Kayelekera mine in Malawi was the Company's second mine. A Development Agreement with the Government of Malawi was executed in February 2007, which provided fiscal stability for

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