Original article by Paul Garvey
The Australian – Page: 13 & 14 : 9-Jan-17
Australian-listed uranium producer Paladin Energy must repay some $US212m ($A289m) worth of debt by the end of April 2017. The future of Paladin has been under scrutiny since the group advised in early December 2016 that the sale of a 24 per cent stake in its Langer Heinrich uranium mine in Namibia is unlikely to proceed. A debt-for-equity swap is seen by many as the most likely option for Paladin to ensure its survival. The group’s shares are trading at around $A0.10.
CORPORATES
PALADIN ENERGY LIMITED – ASX PDN, ATLAS IRON LIMITED – ASX AGO, CHINA NATIONAL NUCLEAR CORPORATION, UBS AG, CITIGROUP INCORPORATED, SOUTH GOBI RESOURCES, ALUMINIUM CORPORATION OF CHINA LIMITED, ELECTRICITE DE FRANCE