Paladin Energy Expects Assets Sells

Bloomberg reported Paladin Energy Ltd. (ASX:PDN) plans to make up to three deals in the next few months selling off minority stakes in some projects.

As quoted in the market news:

Paladin, which operates uranium mines in Namibia and Malawi, is also developing assets in Australia, Canada and Niger. The company forecasts that uranium prices will climb this year amid a looming supply deficit after the Fukushima disaster inJapan triggered a 17 percent slump in 2011.

Paladin expected to complete a process to sell a minority stake in one of its uranium projects inWestern Australia or the Northern Territory in the first quarter to help fund development, Borshoff said in a Jan. 30 interview.

Click here to read the full Bloomberg report.