Paladin defends N-power, warns of supply shock

The Australian reports Paladin Energy (ASX:PDN) defends nuclear power and shortage of supply.

The market news is quoted as saying:

Paladin is among global uranium miners whose shares have been hammered since the March 11 earthquake and tsunami in Japan triggered an emergency at the Fukushima Daiichi nuclear power plant that has yet to be fully brought under control.

In a written statement to the Australian Securities Exchange, Paladin chief executive John Borshoff said the focus on nuclear power was out of proportion to the natural disasters in Japan, and the rise in the severity rating had “stimulated more ill-informed claims that nuclear power is inherently unsafe”.

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