Paladin shuts Kayelekera (for now)

摘要

Australian mining company Paladin Energy has announced that it is putting its Malawian open-pit uranium mine Kayelekera in 'care and maintenance until the price of uranium recovers.' Managing Director and CEO of Paladin, John Borshoff, said: "The Kayelekera Mine has performed exceptionally well technically, with production levels recorded at or near nameplate capacity over the past 12 months and significant achievements made in PAL's cost-reduction programme ... Nevertheless, despite these considerable efforts, Kayelekera Mine continues to operate at a loss due to the low prevailing uranium price. Paladin is unable to continue to provide the level of financial support that PAL has required in recent years, hence the decision at this time."