Paladin Energy Ltd PALAF

Energy

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.

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Paladin Energy Ltd

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Post by fredviewon May 09, 2014 6:52am

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Cameco Corp. (CCO), Canada’s largest uranium producer, said the industry will struggle for the next 18 months before prices recover.

“The next 18 months we see as being a very difficult period for the market,” Tim Gitzel, president and chief executive officer of Cameco, said in an interview in Swakopmund, Namibia yesterday, where he was attending the opening of a mine. “We continue to look to the future, the future is bright for nuclear energy.”

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