Paladin secures two sales contracts

Company News


Uranium miner Paladin Energy Limited (ASX:PDN) has secured two off-take deals for production from its Langer Heinrich mine in Namibia and its Kayelekera mine in Malawi. 
 
Paladin advises that pricing will be determined by the market price at the time of delivery. 
 
Under the deal Paladin will make deliveries from this year to the end of 2015. 
 
The announcement comes just one week after Paladin said it had struck a supply deal with a major utility which will see Paladin receive $US200 million.
 
Paladin Energy booked a net loss of $139 million in the first half of the 2012 financial year.

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