Paladin Energy Ltd
Paladin Energy Ltd
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
The Cauldron bid for Western Australian neighbour Energia is predicated on the consolidation of an emerging new uranium province. Mark Mentiplay reports
Uranium miner Paladin Energy has confirmed a protest by a group of sacked workers at its Kayelekera mine in Malawi, but denies an online media report suggesting they invaded the mine and threatened staff.
The company says 32 of the 110 workers retrenched last month entered the mine to complain principally over a decision by commercial banks to withhold their severance payments because of outstanding loans.
Resumption of nuclear power plant construction in China and the new Japanese government’s promise to review its predecessor’s phase-out policy are keys to long-term growth in the uranium sector, Australian miner Paladin Energy predicts.
Despite record production and revenue in the year to December 2012, Paladin says it will take uranium price increases to lift the sector.
Resources are set to dominate Australia’s M&A scene in 2013, an annual report by JP Morgan has found.
Copper and gold miner PanAust topped the company’s list of potential targets, with OZ Minerals named as a potential suitor.
The top gold takeover targets are Regis Resources, Medusa Mining and Perseus Mining, while in nickel Western Areas and Mirabela Nickel could be targeted.
“Only a matter of time” before PanAust gets acquired, a report into Australia’s M&A activities in 2013 has found.
A protest at Paladin Energy’s Kayelekera mine, near the town of Karonga in Malawi, has been called off by the organisers.
The Karonga Youth for Justice and Development and Karonga Business Community planned to hold a demonstration near Kayelekera between November 14 and 17.
The protests were to centre on allegations that Paladin had failed to honour its social development commitments to the community.
A major cost cutting regime imposed throughout uranium producer Paladin Energy’s operations is expected to realise savings of $US60M-$80M during FY2013 and FY2014.
An extensive cost cutting/production optimisation strategy is gaining traction as Paladin posts $46M Sept qtr loss
Local community groups in northern Malawi are starting to win the support of international anti-nuclear campaigners for a planned protest against Paladin Energy’s Kayelekera uranium mine.
The groups claim the Australian-based Paladin has not met promises to the community to provide a hospital, free and safe water supply and high standard roads.
Anti-nuclear campaigners are starting to jump into a growing dispute between Paladin Energy and a local community groups in the area of its Kayelekera mine in Malawi