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PALADIN ENERGY LIMITED - ASX: PDN
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Description
Paladin Energy Ltd is listed on the Australian Securities Exchange, the Toronto Stock Exchange and the Namibian Stock Exchange under the symbol “PDN”. Paladin is a uranium production company with projects currently in Australia and two operating mines in Africa with a strategy to become a major uranium mining house. Since 1998, during a period of sustained downturn in global uranium markets, Paladin accumulated a quality portfolio of advanced uranium projects each having production potential.
The Langer Heinrich Mine in Namibia is Paladin’s flagship project. Having reached its initial production of 2.6Mlb U3O8 per annum, the mine has recently completed its Stage 2 ramp-up to 3.7Mlb U3O8 per annum. The Company has announced its US$71M Stage 3 expansion which will expand production to 5.2Mlb U3O8 per annum and an additional expansion to 10Mlb U3O8 by 2014 via Stage 4.
The Kayelekera Mine in Malawi was officially opened in April 2009 and is nearing commercial production. Annual production will be 3.3Mlb U3O8 for eight years with potential for a further 1.1Mlb U3O8 per annum for another four years.
Following the closing of the takeover bid for Summit Resources Limited (ASX Code: SMM), Paladin holds an 82.05% interest in that company.
Please click here to view a complete Project Summary.
Mine For
uranium, vanadium, lead, zinc, silver, copper, gold
Location of operation(s)
Namibia, Malawi, Northern Territory, South Australia, Queensland
Address
Level 4, 502 Hay St,
SUBIACO, WA, AUSTRALIA
Phone
(08) 9381 4366
Website
http://www.paladinresources.com.au/
Last Updated
03/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.