Antinuclear

Fall in uranium miner Paladin’s market value

Reuters Australian Business News, SYDNEY, Sept 29 2011 “…..Paladin Energy yesterday launched a A$70 million equity raising through UBS and RBC Capital Markets due to unforeseen cost increases at its two African projects. Costs at the uranium producer’s newest mine, the Kayelekera development in Malawi, have risen to A$50 a pound of uranium oxide. Paladin’s market value has fallen from over A$5 million to A$1 million after the Fukushima nuclear disaster in March depressed uranium equities markets ….”
http://www.reuters.com/article/2011/09/28/digest-australia-business-idUSL3E7KS3Z120110928

September 30, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium