ASX- and TSX-listed uranium miner Paladin Energy has agreed to allow an independent valuation process to move forward regarding the sale of its 75%-stake in the Langer Heinrich mine (LHM), in Namibia’s Erongo region, to joint venture (JV) partner China National Nuclear Corporation’s (CNNC’s) Overseas Uranium Holdings subsidiary.
The company announced the concession Friday, stating it does not admit the validity of CNNC’s claims and without prejudice to its rights under the LHM shareholders’ agreement.
