Paladin Energy

US$95m Project Finance Facilities for Langer Heinrich Uranium Mine

June 2006

Paladin Resources Limited commissioned the Langer Heinrich Uranium mine in Namibia during 2006. The construction project, commenced during 2004, was funded by a combination of equity and project finance facilities provided by Société Générale, Nedbank and Standard Bank. Azure Capital worked with Paladin to negotiate and close this debt financing.