Langer Heinrich uranium mine

Paladin to keep main asset

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.

China National Nuclear Corporation already owns 25 per cent of the mine and was expected to move to full ownership, after Paladin was placed into administration early last month.

KPMG administrator Matthew Woods had been anticipating a payment of $US416 million ($A526 million) for the asset.


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32nd↓Troy Resources$92.2m
33rd↓Tap Oil$88.1m
34th↓Paladin Energy$88.0m
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242ndAlexander Molyneux$524k
865thRick Crabb$112k
1198thDonald Shumka$75k
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