pdn tsx pdn industry energy mining founded 1993 headquarters perth western australia key people alexander molyneux ceo products uranium revenue 11.2 million usd 2007 website www.paladinenergy.com.au paladin energy ltd is a western australian based uranium production company . it currently has two operating mines in africa the langer heinrich mine lhm in namibia and the kayelekera mine km in malawi . paladin is listed on the australian securities exchange asx toronto stock exchange tsx and namibian stock exchange nsx under the symbol pdn . the company also trades on the munich berlin stuttgart and frankfurt exchanges under the symbol pur . it also owns deposits in western australia . contents 1 history 2 uranium projects 3 african focus 3.1 namibia 3.2 malawi 4 canada 5 australian uranium mining ban 6 corporate governance 7 references history edit uranerz australia started operations in perth western australia in 1970 with mr.john borshoff paladin s managing director ceo serving as chief executive from 1986 to 1991 . uranerz the australian arm of german based uranium mining house uranerzbergbau explored throughout australia new zealand and africa focusing primarily on uranium . when uranerz decided to close its australian operations john borshoff acquired its extensive proprietary databases which subsequently formed the nucleus for the public float of paladin in 1994 . citation needed uranium projects edit the company s uranium projects include langer heinrich in namibia ; kayelekera in malawi ; and manyingee in western australia . each of these projects had feasibility studies carried out by previous owners during the 1980s and paladin secured them at low cost during the depressed uranium market . paladin has augmented its resource base in australia through the acquisition of valhalla uranium pty ltd whose primary assets are the 50 % joint venture interests in the valhalla and skal deposits near mount isa in queensland and 41.71 % ownership of the bigrlyi deposit in the northern territory . citation needed paladin also has an 82.08 % controlling interest in summit resources limited valhalla s joint venture partner at mount isa and the holder of other promising exploration titles in the region . citation needed in february 2008 paladin in conjunction with joint venture partner cameco were selected from a highly competitive field to explore the angela and pamela deposits located approximately 25 km south of the town of alice springs in the northern territory . following successful completion of 2 drilling programmes an updated mineral resource estimate was completed by the jv partners in july 2011 . citation needed in february 2009 paladin completed the takeover of fusion resources adding the duke batman and honey pot deposits to the existing mount isa project area . the capacity of the lhm operation has been successfully expanded to a production rate of 5.2 mlb per annum . citation needed african focus edit namibia edit langer heinrich mine in namibia is paladin s flagship project . having reached its initial production of 2.7 mlb u3o8 per annum in 2008 the mine completed its stage 2 ramp up to 3.7 mlb per annum in the 2010 financial year . subsequently the company has completed a stage 3 expansion and began producing at a 5.2 mlb per annum rate . an additional stage 4 expansion review is currently nearing finalisation with the view to potentially increasing production up to 10mlb per annum at a later date when the economics justify the additional investment required . substantial technical work has been completed on this project since its discovery in 1973 mainly by gencor the original explorer a large south african mining house that evolved into bhp billiton . paladin acquired langer heinrich in 2002 and started a bfs in 2004 . citation needed paladin s board approved the development proposal at a capital cost of us 92m in 2005 ; site works began in september 2005 ; and the project construction was completed on time and within budget . the mine was officially opened by the president of the republic of namibia in march 2007 . citation needed malawi edit kayelekera mine in malawi is the company s second mine . a development agreement with the government of malawi was executed in february 2007 which provided fiscal stability for the project for ten years . kayelekera was officially opened in april 2009 and has operated at designed production rates of 3.3 mlb u3o8 . project life is expected to run for at least an additional 8 years with exploration underway to identify feedstocks to extend the current project life . citation needed canada edit in february 2011 paladin completed the acquisition of its first canadian project . paladin acquired the uranium assets of canadian company aurora energy resources inc. aurora which added a significant tenement package in the highly prospective central mineral belt cmb in the province of newfoundland and labrador . aurora had already established a mineral resource base of 40.2 mt at 0.09 % u3o8 83.8 mlb of measured and indicated category material with an additional 29.0 mt at 0.08 % u3o8 53.0 mlb of inferred category resources . citation needed australian uranium mining ban edit a uranium mining ban dating back to 1989 had been in place hindering the group s australian activities for more than a decade . this ban was overturned in october 2012 paving the way for firms like paladin to take advantage of the vast resources available ; exploration had not been prohibited and thus the reserves have been targeted and are ready for mining . 2 corporate governance edit rick crabb chairman non executive legal corporate alexander molyneux ceo commercial mining finance donald shumka director non executive finance peter donkin director non executive finance philip baily director non executive technical ranko matic company secretary craig barnes chief financial officer references edit company profile for paladin energy ltd ca ; pdn . retrieved 2008 10 15 . queensland lifts decades long ban on uranium mining south africa mining weekly 2012 retrieved 22 october 2012 v t e mining companies of australia adelaide brighton cement allegiance mining alumina aquarius platinum atlas iron bhp billiton bougainville copper compass resources copper mines of tasmania energy resources of australia fortescue metals group grd hancock prospecting iluka resources international ferro metals laguna resources macarthur coal macmahon holdings magellan metals marathon resources marston minara resources mineralogy minerals and metals group mount lyell mining and railway company new hope coal newcrest mining orocobre oz minerals paladin energy pilbara iron qcoal rio tinto aluminium rio tinto group south32 tiwest joint venture retrieved from https en.wikipedia.org w index.php title paladin energy & oldid 714018998 categories companies listed on the toronto stock exchangeenergy companies established in 1993uranium mining companies of australiacompanies based in perth western australia1993 establishments in australiahidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from january 2013articles with unsourced statements from july 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aissvenska edit links this page was last modified on 7 april 2016 at 04 25 . text is available under the creative commons attribution sharealike license ; 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