| Paladin Energy Ltd.: Kayelekera - Minor Storm Damage | |
| | |
|
PERTH, WESTERN AUSTRALIA--(Marketwired - Jan 7, 2015) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("Paladin" or the "Company") wishes to advise that the Company's Kayelekera Mine ("KM") in northern Malawi suffered some minor storm damage during the night of January 5, 2015 when a 20-minute, high-intensity storm resulted in some 25mm of rain falling at the Site. The resultant surge of stormwater caused the liner in the plant run-off tank to rupture, releasing up to 500m3 of material to the bunded areas of the site. Up to 0.05m3 (50 litres) may have overtopped one of the containment bunds due to the nature of the rainfall event at the time. Following discovery of the damaged tank, the Company immediately commenced protection and remediation procedures and the site remains secure. A sampling programme to analyse water from within the local stream system was also initiated to confirm no contamination occurred. The Company has formally advised relevant Government of Malawi authorities of the incident. ACN 061 681 098
|
|
|
Paladin Energy Limited
|
|
PRODUCER |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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$ 23.0 billions as of today (US$ 15.0 billions, € 14.1 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on April 26, 2024 at AU$ 13.45. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |