| Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi | |
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PERTH, WESTERN AUSTRALIA--(Marketwired - Feb. 18, 2014) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("Paladin" or the "Company") wishes to advise that a minor incident occurred on Monday, February 10, 2014 during the routine transportation of Uranium Oxide Concentrate (UOC) from the Company's Kayelekera Mine (KM) in northern Malawi for export through the Port of Walvis Bay in Namibia. A truck operated by a shipping contractor and carrying a single container of UOC toppled on its side on the verge while negotiating a curve in the road. The incident occurred about eight kilometres from KM as the truck was travelling in a convoy of 5 trucks with an accompanying support vehicle. The driver was not harmed; however his co-driver suffered minor injuries and was treated at the scene by the KM Medical Response Team. A Spill Response Team (SRT) proceeded immediately from KM and recovered the container, which was buckled and holed by a tree stump in the incident. The SRT recovered a small quantity of UOC from the scene and also removed soil which had come into contact with the product for disposal at KM's tailing storage facility. The accident site and surrounding area was subsequently subjected to a radiological check to ensure that it was thoroughly cleaned. The container is back in the product packaging compound at KM awaiting repacking of the drummed UOC into a new container. The remaining four trucks in the convoy resumed the journey to Walvis Bay, where they have now arrived. This is the first incident involving a UOC container to occur in 92 product shipments transported from KM to the Port of Walvis Bay. The Company informed Malawi Police and appropriate regulatory authorities of the incident. An environmental team from the country's Atomic Energy Regulatory Authority (AERA) visited the scene on Wednesday, February 12, 2014, and informed the Company that AERA was satisfied with the Company's handling of the incident. ACN 061 681 098
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Paladin Energy Limited
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PRODUCER |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
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Paladin Energy Ltd is a gold and copper development stage company based in Australia. Paladin Energy Ltd produces gold, copper, uranium in Malawi and in Namibia, develops uranium in Canada, and holds various exploration projects in Australia. Its main assets in production are LANGER HEINRICH in Namibia and KAYELEKERA in Malawi, its main asset in development is MICHELIN in Canada and its main exploration properties are ANGELA/PAMELA, OOBAGOOMA, SKAL, VALHALLA, BIGRLYI, MANYINGEE, MT LOFTY and SICCUS in Australia and NASH, JACQUES LAKE and RAINBOW LAKE in Canada. Paladin Energy Ltd is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 27.9 billions as of today (US$ 18.5 billions, € 17.1 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on May 23, 2024 at AU$ 16.30. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |