Paladin to sell stakes in Langer Heinrich, Manyingee for up to $205m

Dual-listed Paladin Energy will sell a 24% stake in the Langer Heinrich uranium mine, in Namibia, and up to 75% of its Manyingee project, in Australia, for a combined $205-million. Paladin, which owns 75% of the Langer Heinrich mine, has signed a nonbinding term sheet to sell a 24% stake in the mine to a global nuclear power industry participant for $175-million.