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Australian uranium company Paladin finally has to shut down its Kayelekera mine

Paladin uranium mine shuts, PAUL GARVEY, THE AUSTRALIAN FEBRUARY 08, 2014 PALADIN Energy has bowed to persistently low uranium prices and moved to stop production at its Kayelekera mine in the southern African nation of Malawi.

The mine, which has been in production since 2009, has been bleeding money in recent years……

Last month Paladin sold a 25 per cent stake in its flagship Langer Heinrich mine in Namibia to China National Nuclear Corporation for $US190m, as well as debt refinancing.

http://www.theaustralian.com.au/business/mining-energy/paladin-uranium-mine-shuts/story-e6frg9df-1226821070631#

February 9, 2014 - Posted by Christina Macpherson | Uncategorized

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