General Announcement::Settlement of Sale of Minority Interest in Langer Heinrich Mine, Namibia

Issuer & Securities

Issuer/ Manager
PALADIN ENERGY LTD
Securities
PALADIN US$274M6%CB170430 - XS0775195562 - 2CKB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Jul-2014 15:55:10
Status
New
Announcement Sub Title
Settlement of Sale of Minority Interest in Langer Heinrich Mine, Namibia
Announcement Reference
SG140728OTHRS3HO
Submitted By (Co./ Ind. Name)
Paladin Energy Ltd
Designation
Felicity Evans
Effective Date and Time of the event
23/07/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Paladin Energy Ltd (Paladin or the Company) is pleased to advise that settlement to sell a 25% joint-venture equity stake in its flagship Langer Heinrich uranium mining operation in Namibia to CNNC Overseas Uranium Holding Limited, a wholly owned subsidiary of China National Nuclear Corporation (CNNC), the leading Chinese nuclear utility, for consideration of US$190M has been completed.

Attachments

14.07.23_Settlement_of_Sale_of_Minority_Interest_in_Langer_Heinrich_Mine_Namibia.pdf
Total size =154K