Paladin Energy changes its production forecasts

A well-known Australian mining company, "Paladin Energy Ltd" lowered its annual forecast of uranium production. This was stated in the Group. Thus, in the current fiscal year, which ends June 30, the Corporation expects to release 6-6,3 million pounds of uranium oxide. Previously, this figure is expected to reach 7 million pounds. Decision to lower production forecast has been made due to problems with the supply of electricity and maintenance Kayelekera mine in Malawi. Recall that by the end of last fiscal year, net loss amounted to 52.9 million manufacturer with $ 480.2 million dollars loss a year earlier. In turn, the company's revenue last year rose by 78%, reaching 204.3 million dollars a year earlier, as we know, did not exceed 114.8 million dollars Paladin uranium production volumes have increased over the year by 60%, reaching 4 , 32 million pounds. Previously reported that the "Paladin Energy Ltd." plans by 2012 to expand production of uranium in the African mines Langer Heinrich and Kayelekera. Paladin Energy is among the largest mining companies in Australia. Ministry of Industry