Trade Paladin Energy
currently have one operating mine in Africa; Lham Heinrich Mine (LHM) in Namibia. Paladin is listed on the Australian Stock Exchange (ASX), the Toronto Stock Exchange (TSX) and the NamibiaStock (NSX), as well as the Munich, Berlin, Stuttgart and Frankfurt stock exchanges. It also has deposits in Western Australia. as of February 2018, Paladin is undergoing a restructuring process, having applied for insolvency in July 2017. Uranerz Australia started operations in Perth, Western Australia, in 1970 with John Borschoff, Managing Director/CEO of Paladin, serving as CEO from 1986 to 1991. Oraners, the Australian arm of germany's uranium mining orbit, ornersbergbau, has explored throughout Australia, New Zealand and Africa, with a focus primarily on uranium. When Uranerz decided to close its Australian operations, John Borshoff acquired extensive proprietary databases, which later formed the nucleus for a public float of Paladin on 1994.In February 2008, Paladin, in conjunction with joint venture partner Cameco, was selected from a highly competitive field to explore Angela and Pamela's deposits located about 25 km south of the town of Alice Springs in the Northern Territory. After successfully completing 2 drilling programs, the updated mineral resources were estimated by JV partners in July 2011.In February 2009, Paladin completed the takeover of Fusion Resources, adding The Duke of Batman deposits and honey pot to the existing Mount Isa project area. LHM operation capacity has been successfully expanded to a production rate of 5.2 million lbs Annually. According to information published by WikiLeaks in 2010, BHP Billiton tried to pressure the Australian government to block the investment of Chinese aluminium company Chenalco in Rio Tinto.In 2012, Paladin joined Rio Tinto to block the sale of Australian uranium deposits to Canadian mining company, Cameco.Founder of Paladin, John Borschoff, who resigned as CEO in 2015 as part of the board's decision. Alexander Molino took over as interim CEO of the company. In 2016, The Australian reported that Paladin may be in talks with Russian armz uranium holding company as well as China's national nuclear company. CNNC is a 25% owner in the Namibian Paladian mine of Langer Heinrich.