Proactive Investors - Run By Investors For Investors

Paladin’s CEO discusses the sale of Kayelekera and prioritising Langer Heinrich’s restart

Paladin Energy Ltd (ASX: PDN) chief executive officer Scott Sullivan updates Proactive Investors on the sale of its 85% interest in the Kayelekera uranium mine in Malawi to Hylea Metals Ltd (ASX:HCO) subsidiary Lotus Resources Limited.

Sullivan says it was a very well-considered sale with the company’s primary focus being its tier one and flagship asset Langer Heinrich in Namibia.

The sale of Kayelekera frees up cash for the company to further invest in Langer Heinrich.

“We’ve got a lot of work underway,” he says.

Meet White Rock Minerals Ltd and Meteoric Resources NL at our event, Melbourne , 27 August 2019. Register here »
View full PDN profile View Profile

Paladin Energy Ltd Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use