{"id":6241,"date":"2011-11-28T09:15:46","date_gmt":"2011-11-28T09:15:46","guid":{"rendered":"http:\/\/www.faceofmalawi.com\/?p=6241"},"modified":"2011-11-28T09:15:46","modified_gmt":"2011-11-28T09:15:46","slug":"paladin-uranium-miners-share-price-plunges","status":"publish","type":"post","link":"https:\/\/new.faceofmalawi.com\/index.php\/2011\/11\/28\/paladin-uranium-miners-share-price-plunges\/","title":{"rendered":"Paladin uranium miner\u2019s share price plunges"},"content":{"rendered":"\n<div>\n<p><strong>Paladin punished for African shut-downs,\u00a0\u00a0THE AUSTRALIAN ,\u00a0<em>November 01, 2011<\/em><\/strong>\u00a0SHARES in Africa-focused miner Paladin were punished after it reported a fall in uranium production amid weak market prices, despite record sales for the September quarter.<\/p>\n<\/div>\n<p>Paladin produced 1.24 million pounds of uranium in the September quarter, a 15 per cent fall compared with 1.46 million pounds in the previous quarter.<\/p>\n<p>The fall was due to shutdowns at Paladin\u2019s operations in Namibia and Malawi, including a ground movement that affected the Malawi mine and reduced its production by 30 per cent.<\/p>\n<p>Paladin shares fell 6.5c, , or 4.2 per cent, to close at $1.50\u2026.<\/p>\n<p>Chief executive John Borshoff said the persistent deterioration of the uranium spot price since the Fukushima nuclear accident in March was affecting financial returns..The effects of Fukushima on the industry had highlighted its inability to sustain production growth in an orderly way, he said.<\/p>\n<p>Uranium prices had recently fallen to levels of about $US50 a pound, last seen after Japan\u2019s nuclear accident, causing grief to struggling Australian producers such as Paladin.\u00a0Paladin\u2019s shares have slumped 70 per cent this year, mainly because of the Fukushima accident.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paladin punished for African shut-downs,\u00a0\u00a0THE AUSTRALIAN ,\u00a0November 01, 2011\u00a0SHARES in Africa-focused miner Paladin were punished after it reported a fall [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1024],"tags":[560,561,1364],"class_list":["post-6241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-energy","tag-mining","tag-paladin"],"_links":{"self":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/6241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/comments?post=6241"}],"version-history":[{"count":0,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/6241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/media?parent=6241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/categories?post=6241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/tags?post=6241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}