Paladin has 30 days to repay $277m in debt

June 12, 2017

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Uranium miner Paladin has to repay $277-million in debt within the next 30 days, after the company failed to provide sufficient security to offtake partner Électricité de France (EDF) under a long-term supply contract (LTSC)

Paladin previously proposed additional security for the LTSC, signed in 2012, and had appointed an independent expert to opine on whether the value of the additional security offered was sufficient.

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