Economic Justice | Malawi
Paladin Energy Gets Financing to Develop Malawi Uranium Mine
Bloomberg - USA
14 (Bloomberg) -- Paladin Energy Ltd., the Australian company building a uranium mine in Malawi, got bank approval for the remaining funding of $167 million to develop the project. The financing comprises a 7-year project-finance loan of $145 million, a cost-overrun loan of $12 million and a performance-bond loan of $10 million, Perth-based Paladin said today in a statement to the Australian Stock Exchange. The Kayalekera project will be Paladin's second producing venture after the Langer Heinrich mine in Namibia ... Societe Generale Corporate and Investment Banking, Nedbank Group Ltd. and the Standard Bank of South Africa Ltd. are providing the financing, Paladin said in the statement. The same banks provided funding for the Namibian project ... The uranium market for both spot prices and long-term contracts has recovered from declines in the third quarter of last year, Paladin said ...
Bloomberg - USA
14 (Bloomberg) -- Paladin Energy Ltd., the Australian company building a uranium mine in Malawi, got bank approval for the remaining funding of $167 million to develop the project. The financing comprises a 7-year project-finance loan of $145 million, a cost-overrun loan of $12 million and a performance-bond loan of $10 million, Perth-based Paladin said today in a statement to the Australian Stock Exchange. The Kayalekera project will be Paladin's second producing venture after the Langer Heinrich mine in Namibia ... Societe Generale Corporate and Investment Banking, Nedbank Group Ltd. and the Standard Bank of South Africa Ltd. are providing the financing, Paladin said in the statement. The same banks provided funding for the Namibian project ... The uranium market for both spot prices and long-term contracts has recovered from declines in the third quarter of last year, Paladin said ...
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