PERTH, WESTERN AUSTRALIA--(Marketwired - April 18, 2016) - Paladin Energy Ltd (Paladin or the Company)
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A series of major storm events over large areas of northern Malawi in early to mid-February and in early April delivered intense rainfall to the Kayelekera Mine and the region generally. Rainfall runoff from these rains resulted in overflow and environmental release of some clean water from a rainfall runoff water catchment pond at Kayelekera Mine site early last week in accordance with the Environmental Impact Assessment and Environmental Management Plan.
Water inventory in the Kayelekera Mine tailings storage facility increased due to the heavy rainfall events. However, the freeboard levels remain within the approved operating design criteria and this facility continues to be actively monitored and managed.
Yours faithfully
Paladin Energy Ltd
ALEXANDER MOLYNEUX
CEO
Contact Information:
For additional information, please contact:
Andrew Mirco
Investor Relations Contact (Perth)
Tel: +61-8-9381-4366 or Mobile: +61-409-087-171
Email: andrew.mirco@paladinenergy.com.au