nuclear-news

Uranium miner Paladin selling assets, to cope with its debts

Paladin Energy under pressure to flog assets   The Australian, BY: ROSS KELLY  Wall Street Journal April 26, 2012   PALADIN Energy still needs to offload assets to meet looming debt payments and funding requirements, according to Citigroup, which has nominated two of the uranium miner’s non-producing assets in Australia and Canada as possible candidates for divestment……“If the cash squeeze became very acute on Paladin the company could also look to sell an interest in a producing asset,” Citigroup says.

April 27, 2012 - Posted by Christina Macpherson | general