Antinuclear

Accidents and dismal uranium prices plague Paladin Energy

Paladin revenue dwindles as output rises Justin Niessner Wednesday, 15 January 2014 PALADIN Energy recorded strong production figures for the December quarter but posted lower sales revenue on a stubbornly weak uranium price.

Revenues for the quarter were down 31.6% year on year at $US101.7 million ($A11.2 million) on the sale of 2.8 million pounds of uranium oxide. It represents roughly the same sales volume compared to a year ago but at a 23.8% lower price of $36.67 per pound of uranium oxide……

Safety was a difficult issue for the company over the period, with an electrical incident sending three workers to hospital in early October. The company confirmed that the most seriously injured worker died on October 29. Two lost time injuries were recorded as a result of the incident…..

a price of at least $70/lb would be necessary to support new uranium  supply Earlier this week Paladin said it would not pursue development of its Manyingee project in Western Australia due to the low uranium price. http://www.miningnews.net/storyview.asp?storyid=801876475

January 16, 2014 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium