Kayelekera production back on track

Uranium miner Paladin Energy on Wednesday told shareholders that striking employees at its Kayelekera operation, in Malawi, would return to work after a meeting with the Local Staff Association (LSA) and government officials. Workers at the...

Paladin to raise $225m in bond issue

Uranium miner Paladin Energy on Monday launched an offering to raise $225-million of senior, unsecured convertible bonds, due in 2017. The miner has an option to increase the offering to $275-million.

Paladin trims 2012 guidance as Namibia, Malawi mines miss targets

Uranium miner Paladin Energy on Monday reported that full-year production was expected to be around 2% less than previously anticipated, at around 7.1-million pounds. Despite achieving record production at its Kayelekera operation, in Malawi,...

Paladin says reviewing options for Australian projects

Uranium miner Paladin Energy on Tuesday reported that it was reviewing all options for its nonproducing assets, and that it would not be limited to a search for minority joint venture (JV) interests. The Toronto and Sydney-listed miner reported...

Paladin gets new CFO

Uranium miner Paladin Energy has appointed Alan Rule as CFO, effective from July 23. Rule would replace current CFO Garry Korte, who would be joining Roy Hill Holdings, owned by Gina Rinehart, on May 24. Korte has been with Paladin since 2009.

Paladin readies for Canada exploration

Uranium miner Paladin Energy was set to launch an exploration programme at its Aurora uranium assets, in Canada, after the Nunatsiavut government amended laws to lift a moratorium on uranium mining and development on Labrador Inuit Lands. Paladin...

Paladin Energy posts $120m first-half loss

Uranium miner Paladin Energy on Tuesday reported a net loss of $120.2-million for the six months to the end of December, as it wrote down the value of its Kayelekera mine in Malawi. The company, dual listed in Australia and Canada, reported a...

Odin resource improves by 70%

ASX-listed Summit Resources has increased the mineral resource at its Odin uranium project, in Queensland, by more than 70% following the completion of a drilling campaign. The project was now estimated to host a mineral resource of some...

Paladin reports strong Q2 performance but trims FY forecast

ASX- and TSX-quoted uranium miner Paladin Energy on Tuesday reported a 47% quarter-on-quarter production increase, but downwardly revised its output guidance for the remainder of the 2012 financial year. The guidance has been lowered to between...

Paladin gets access to Aurora deposits

ASX- and TSX-listed uranium miner Paladin Energy on Thursday rejoiced at news that the Nunatsiavut government had decided to lift the three-year moratorium on uranium mining, development and production on Labrador Inuit Lands. Paladin holds...

Paladin soothes investor jitters on Malawi comments

Uranium miner Paladin Energy on Monday moved to allay investor fears, after the Malawi Reserve Bank Governor, Dr Perks Ligoya, said that the country would seek to “renegotiate” the terms for the Kayelekera project. Paladin boss John Borshoff...

Bigrlyi uranium project, Australia

The Bigrlyi uranium project, in Australia's Northern Territory, could produce some ten-million pounds of uranium oxide.