26
Jan
Martin Endjala Langer Heinrich Mine (LHM) has announced the restart of its production activities, marking a significant milestone after more than six years of care and maintenance. The first ore feed to the processing plant was successfully achieved in January, signalling the commencement of operations. Paladin Energy Ltd, the company operating LHM, has secured a financial boost by executing a US$150 million syndicated debt facility on 24 January 2024, ahead of the resumption of operations. This strategic move, as explained by Paladin’s Chief Executive Officer Ian Purdy, is aimed at providing the company with the necessary capital flexibility during the…