Paladin has only days to repay EDF debt

July 2, 2017

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France’s Electricite de France SA (EDF) is pushing embattled uranium miner Paladin Energy for the repayment of $227-million in debt, which is due on July 10.

Paladin previously attempted to negotiate a standstill agreement with EDF under the long-term supply agreement inked in 2012, but a subsequent ruling by an independent expert had found that the security offered by Paladin is insufficient.

Category: General