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Friday, August 18, 2017

Paladin crashes: Malawi uranium miner files for insolvency in Australia | Malawi Nyasa Times - Malawi breaking news in Malawi

Paladin crashes: Malawi uranium miner files for insolvency in Australia | Malawi Nyasa Times - Malawi breaking news in Malawi: "Paaladin Energy, operators of Kayelekela Uranaium Mine in Karonga Malawi and Langer Heinrich in Namibia has filed for insolvency at the Australian high court after the company failed to pay a debt of USD277 million to a France based company called Electricite de France.

Ahmed Dassu: A Malawian governance campaigner says he now expect the government will make public the so far secret development agreement it signed with Paladin so that Malawians are aware of what was agreed

Kayelekera Uranium Mine in northern Malawi was the country’s only large-scale mining operation. But for more than five years, the mine is not operating and is under ‘care and maintenance’ because of global low uranium prices"



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