PERTH, WESTERN AUSTRALIA--(Marketwire - May 17, 2012) - Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) (Paladin or the Company) advises that discussions with the Local Staff Association (LSA) and government officials on an agreed return to work by striking Malawi employees at the Kayelekera Mine continued through Wednesday, 16 May.
The LSA requested additional time to consult employees based in Karonga town, some 53 kilometres from the mine. The LSA asked to meet management on Thursday morning, 17 May to facilitate a full return to work. Paladin has agreed to this request.
Employees have indicated a strong willingness to return to work. Some night shift staff reported for duty last night. Paladin remains confident of an early return to full production.
ACN 061 681 098
Contact Information:
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61 8 9381 4366 or Mobile: +61 419 912 571
john.borshoff@paladinenergy.com.au
In Canada:
Paladin Energy Ltd
Greg Taylor
905 337-7673 or Mobile: 416 605-5120 (Toronto)
greg.taylor@paladinenergy.com.au