RE:RE:All these mine shutdownsFirstly Paladin must agree with the Chinese who bought 25% of the Langer Heinrich mine. I do not see the Chinese having a willingness to agree to shutting down L-H. Ain't gonna happen.They may use it as a lever to buy it though....on the cheap of course.
Secondly, while restarting an existing mine is indeed faster to do than building a brand new one I would caution you against thinking that this is just the flick of a switch. It is a whole lot more complex than that and takes many months if not years to accompish safely. Equipment that has been sitting idle for years will not simply be switched on and run perfectly. Never happens like that. Also remember that these mines are (mostly) in the middle of nowhere and it takes time to reassemble operating crews that are qualified and experienced enough to get all the plant operating again. The longer they are idle the more likely those men and women that knew how to operate the plant have retired or left the industry altogether. It is unlikely these folks are just sitting around watching their bank balances run dry hoping they will be rehired.
So sorry to burst that bubble but restarting idled Uranium mines is a massive undertaking and it is absolutely not done at "the flick of a switch".
Quicker than building a new mine but definitely not "quick".
Malcolm
199930 wrote: I agree and thats probably why theres no panic in the market.
BSdetector2016 wrote: are just a temporary Band-Aid solution to the problem of too much supply. Once the commodity price starts showing signs of life these mines get switched on again. Restarts will happen relatively quickly as opposed to the development of new deposits like those of the west Athabaska basin.