| Paladin Energy Ltd: Shareholder Approval Not Required Regarding Suspension of Production at Kayelekera Mine, Malawi | |
| | |
|
PERTH, WESTERN AUSTRALIA--(Marketwired - Feb. 20, 2014) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("Paladin" or the "Company") notes that, as announced on February 7, 2014, Paladin (Africa) Limited (PAL), a subsidiary of Paladin Energy Ltd (Paladin), is suspending production at its Kayelekera Mine (KM or the Operation) in Malawi and will place the Operation on care and maintenance until PAL determines that a recovery in the price of uranium oxide would enable production to resume on a profitable basis. Paladin has since applied to the ASX for a determination regarding the application of Chapter 11 of the Listing Rules. The ASX has confirmed that Listing Rules 11.1 and 11.2 do not apply and, accordingly, shareholder approval is not required in relation to the suspension of production at KM. 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$ 26.2 billions as of today (US$ 16.8 billions, € 15.8 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on April 18, 2024 at AU$ 15.30. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |