Chinese nuclear firm pays $190m for stake in Paladin’s Namibia mine
PERTH (miningweekly.com) – Uranium miner Paladin Energy has sold off a 25% interest in its Langer Heinrich mine, in Namibia, for $190-million to a subsidiary of China National Nuclear Corporation (CNNC).
Paladin CEO and MD John Borshoff said that the joint venture (JV) represented a formidable partnership, focused on advancing global uranium production.
He added that the JV would ensure the long-term growth and development of the mining operations at Langer Heinrich, and reinforced the importance of Namibia in the global uranium mining context.
Read more at: http://www.miningweekly.com/article/chinese-nuclear-firm-pays-190m-for-stake-in-paladins-namibia-mine-2014-01-20
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