Paladin at mercy of French utility Electricite de France: "he 26,000-plus shareholders in one-time high-flying uranium miner Paladin Energy are at the mercy of French utility Electricite de France, with Paladin scrambling to convince the group to stand still on calling in a $US277 million ($366.3m) loan.
Perth-based Paladin, which operates the Langer Heinrich mine in Namibia, yesterday said it only had 30 days to pay back the cash to EdF after an independent review found the security offered by Paladin to cover the debt was insufficient."
'via Blog this'
Perth-based Paladin, which operates the Langer Heinrich mine in Namibia, yesterday said it only had 30 days to pay back the cash to EdF after an independent review found the security offered by Paladin to cover the debt was insufficient."
'via Blog this'
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