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Another issue for Paladin

INDEBTED uranium miner Paladin Energy has another issue to deal with after power utility Electricite de France requested increased security for a $US200 million prepayment it made in 2012 for deliveries of 13.73 million pounds of uranium in the period 2019-2024.

Michael Quinn
Another issue for Paladin

While security over that pre-payment had been a 60.1% stake in Paladin’s undeveloped Michelin project in Canada, the utility now wants additional collateral. Paladin’s initial response – the details...

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