Langer Heinrich uranium mine in Namibia

Paladin Energy into administration

Monday, 3 July, 2017 - 16:42

Uranium miner Paladin Energy, which at its peak was one of WA’s most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.

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Restoring profitability at Langer Heinrich

Permalink Submitted by Ken Seecharran on Thu, 07/09/2017 - 22:13

Cornwall, UK

There is hope for Paladin. However, draconian measures need to be taken. I had the rare opportunity to visit Langer Heinrich a few years ago and made the following recommendations for restoring profitability: 1) get competitive quotes for contract mining of the ore; 2) critically look at sourcing supplies from India, China and Turkey; 3) get competitive quotes for the transportation of workers from the mine to Swakopmund and Walvis Bay; 4) the office building in Swakopmund is too palatial, underutilized and expensive; and 5) a CEO who has gone through such downturns in the selling price of yellowcake, and emerged victorious, needs to be appointed.

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Article Tags

Category:

Mining

Companies:

Paladin Energy

KPMG

People:

Matthew Woods

Hayden White

Comments:

Paladin Energy (PDN)

Share Price

Closing price for the last 90 trading days

View the full CHART >>

Source: Morningstar

Total Shareholder Return as at 31/12/18

		1 year TSR	5 year TSR
10^th	Paladin Energy	283%	-15%
51^st	Northern Star Resources	53%	67%
159^th	Regis Resources	17%	14%
231^st	Sandfire Resources	0%	3%
376^th	Independence Group	-19%	5%

716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/02/18

$0 Other

Rick Crabb

31/08/15

$20k Bought

Donald Shumka

07/08/15

$195k Bought

Wendong Zhang

Total value as at the date of the transaction

Source: Morningstar

Revenue

7^th	Northern Star Resources	$965.3m
8^th	Independence Group	$780.1m
9^th	Paladin Energy	$756.2m
10^th	Sandfire Resources	$615.7m
11^th	Regis Resources	$607.8m

View the full LIST >>

513 listed resources companies ranked by revenue.
Source: Morningstar

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