URANIUM
Dual-listed Paladin Energy on Thursday launched arbitration proceedings against joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary to seek orders and declarations regarding the sale of the Langer Heinrich mine (LHM), in Namibia’s Erongo region. As part of Paladin's restructure proposal, there is a potential option for CNNC which, if validly exercised, could entitle the nuclear-technology company to the right to acquire Paladin’s 75% share in LHM.
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