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

Pic: Liens/iStock via Getty Images share

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 […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet