Uranium miner Paladin Energy's mine in Malawi is back at full production following an industrial dispute sparked by demands for a 66 per cent pay rise from local workers.
Africa-focused uranium miner Paladin Energy says production at its mine in Malawi has been stalled after local workers walked off the job.
Paladin's annual production will be impacted by the stoppage, and the company's shares were down 2.5 cents to $1.37 at 1200 AEST.
Africa-focused uranium miner Paladin Energy says it has significantly strengthened its balance sheet after a convertible bond issue that raised $US274 million ($A266.5 million) from investors.
Paladin Energy has announced it is seeking to raise $US225 million to cover its debts, through the issue of convertible bonds.
Paladin today announced the launch of the convertible bond offering to raise $US225 million, with the option to upsize to $US275 million.
Paladin Energy has lowered its full-year guidance after quarterly production came in around 10 per cent below analyst expectations, the result of bottlenecking issues at its Langer Heinrich uranium mine in Namibia.
Uranium explorer Energia Minerals has recruited Kagara founder Kim Robinson as its managing director.
Mr Robinson will commence his new role at the end of April, a little over a year after stepping down as executive chairman of base metals miner Kagara.
Bannerman Resources stocks have risen after the Perth-based explorer released a study it says confirmed its Namibian uranium project as one of the world’s largest uranium-only deposits.
The uranium industry has achieved a remarkable turnaround in the 12 months since the nuclear meltdown at the Fukushima power plant in Japan, a key industry figure says.
Africa-focused uranium producer Paladin Energy has widened its first half net loss from the previous corresponding period even though it achieved record production.
Newly-installed state Labor Leader Mark McGowan has confirmed the party will support the introduction of Sunday trading and will not revoke any approvals for uranium mines in Western Australia, in his first announcements at the helm.
Uranium miner Paladin Energy says it achieved record production in the three months to December but has downgraded its full-year production targets.
Paladin shares rose significantly on the update, up 12.5 cents, or 8.2 per cent, to $1.655 at 1051 AEDT.
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