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Paladin Energy Ltd PALAF

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its exploration projects include Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada. It has a 100% interest in the Manyingee Project. This project is a sandstone hosted uranium project consisting of 41 Mlb across two deposits. It wholly-owns a project comprised of three promising uranium exploration sites in Queensland.


OTCQX:PALAF - Post by User

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Post by sccool50on Dec 20, 2012 12:36am
282 Views
Post# 20754036

Nod to set up six nuclear power plants

Nod to set up six nuclear power plants
Last Updated: Thursday, December 06, 2012, 13:32
New Delhi: The government has given approval for setting up six nuclear power plants with assistance from French company Areva at Jaitapur in Maharashtra, Minister of State in PMO V Narayanasamy told the Rajya Sabha on Thursday.


He said during Question Hour that work on two units of 1,650 MW each is expected to start in the current Plan period.



"The government has accorded in-principle approval for locating six units of Light Water Reactors each of 1,650 MW capacity at Jaitapur in technical co-operation with France," Narayanasamy said.

On members' apprehension about displacement of people due to the project, he said there was no habitation at the site proposed for the Jaitapur Nuclear Power Project.

"There is neither displacement of people at the site nor any requirement of resettlement of any person," he said.



Assuring the House that there is absolutely no threat from the power plant, he said world over at least eight such units were being built on the Light Water Reactors technology developed by Areva.



"Construction work is going on in three such plants in Finland, three in France and two in China. We are going to build the power plant on that technology," Narayanaswamy said.



To a query by Bharatkumar Raut (Shiv Sena), the Minister said the proposed plant would not pose any problem for fishermen close to the plant site since it is being built at a height of 20 meters above the sea level.


"The observation that fishermen will be affected is absolutely not correct. The living fishes in the sea will not be affected," Narayanasamy said.


India has 20 nuclear reactors, of which 19 are in operation.

PTI

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