The restructuring of Paladin Energy has taken a surprise turn after Chinese group CNNC Overseas Uranium Holdings advised it would not exercise an option to buy the Langer Heinrich uranium mine.
Perth-based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.
Paladin Energy managing director John Borshoff says the company's $US190 million sale of a minority stake in its Langer Heinrich mine vindicates a decision to walk away from sale negotiations last year.
