Paladin Energy Ltd.:Malawi’s Kayelekera – Minor Storm Damage

PERTH, WESTERN AUSTRALIA–(MaraviPost – Jan 7, 2015) – Paladin Energy Ltd (PDN.TO)(PDN.AX) (“Paladin” or the “Company”) wishes to advise that the Company’s Kayelekera Mine (“KM“) in northern Malawi suffered some minor storm damage during the night of January 5, 2015 when a 20-minute, high-intensity storm resulted in some 25mm of rain falling at the Site.

The resultant surge of stormwater caused the liner in the plant run-off tank to rupture, releasing up to 500m3 of material to the bunded areas of the site. Up to 0.05m3 (50 litres) may have overtopped one of the containment bunds due to the nature of the rainfall event at the time.

Following discovery of the damaged tank, the Company immediately commenced protection and remediation procedures and the site remains secure. A sampling programme to analyse water from within the local stream system was also initiated to confirm no contamination occurred.

The Company has formally advised relevant Government of Malawi authorities of the incident.

Updated:

Credit should be given to Paladin Energy for alerting the Malawi Government that its Kayerekela mine in northern Malawi suffered what they claimed was a minor storm damage during the night of January 5, 2015 when a 20-minute, high-intensity storm resulted in some 25mm of rain falling at the Site.

While the company appears to be forth coming we cannot take them at their word because the consequencies If the spillage is bigger than what we are being told can have life altering expriences to people in the affected areas.

Minister of Information, Tourism and Culture Kondwani Nankhumwa, told Maravipost that government will have a response tomorrow as to what steps are being taken to make sure that the remediation procedures undertaken by Paladin are adquate.

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Maravi Post Reporter

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