Paladin lowers expectations for 2011

World Nuclear News reports Paladin Energy (TSX:PDN,ASX:PDN) forecasts 2011 with lower expectations.

The market news is quoted as saying:

According to Paladin, the reliability of the main power plant at the site had been “impacted by the logistics chain to Malawi,” although it is now reported to be functioning well. “During times of consistent power operation the plant did operate at or near design levels,” Paladin points out, adding that overall recovery levels have improved significantly, contributing to higher production levels.

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