Paladin soothes investor jitters on Malawi comments
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28th November 2011
Updated 1 hour 20 minutes ago
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PERTH (miningweekly.com) - Uranium miner Paladin Energy on Monday moved to allay investor fears, after the Malawi Reserve Bank Governor, Dr Perks Ligoya, said that the country would seek to “renegotiate” the terms for the Kayelekera project.
Paladin boss John Borshoff said in a statement that the development stability agreement between Paladin and the government of Malawi established the fiscal and regulatory framework for the company’s investment in that country, and guaranteed a period of stability in recognition of the Kayelekera mine’s unique position as the first significant foreign investment in Malawi's resources sector
