Ground Breakers: Namibia soothes the fears of uranium investors as Paladin leads yellowcake higher

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Namibia walks back talk on uranium mine equity, sending Paladin shares higher

Miner will not be exposed to claims on Langer Heinrich mine, as Namibia Mines Ministry says it will not look to expropriate shares in existing mining or petroleum leases

Broad-based run for commodities sends materials sector up 1.6% Phew, that was a close one for uranium investors, who woke up to the scary news on Tuesday they could see their assets partly appropriated by the Namibian Government.The country is the third largest producer of yellowcake in the world behind Canada and Kazakhstan and a host of ASX-listed companies has assets in the southern African nation.Among those are two heavy hitters in Paladin Energy (ASX:PDN) and John Borshoff’s Deep Yellow (ASX:DYL) .The latter tumbled 20% on Tuesday thanks to a Bloomberg report about comments made at a workshop by […]

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