Malawi: Opening of a huge uranium mine

Paladin Africa, African subsidiary of the Australian group Paladin Energy, has just opened a huge uranium mine at Kayelekera in northern Malawi, Your Industry News said on Monday. With an investment of US$ 220 million, production should start at the end of this year and reach 1 500 tonnes of uranium oxide a year over the first seven years. Malawi, which holds 15% of the operating company, expects export earnings of over $ 100 million annually.