Paladin Energy aims to crack uranium big league with Canadian takeover
Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s Canadian project.
Australia’s NRW Holdings Ltd said on Monday that it entered into a A$973 million ($648.02 million) contract to design and construct the processing plant facilities at Northern Star Resources’ KCGM growth project.
Under the deal, NRW’s Primero Group unit will provide engineering, procurement, and construction for the Kalgoorlie Consolidated Gold Mines (KCGM) mill in Western Australia.
Last month, gold miner Northern Star said its board had approved an expansion of the processing capacity at KCGM at a cost of A$1.5 billion.
The expansion will increase and modernize KCGM’s processing capacity to 27 million tonnes per annum (mtpa) from 13 mtpa, Northern Star said.
NRW said its contract was scheduled for completion by the third quarter of 2026.
($1 = 1.5015 Australian dollars)
(By Jaskiran Singh; Editing by Jamie Freed)
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