PERTH, WESTERN AUSTRALIA — (Marketwire) — 05/17/12 — 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.
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Contacts: In Australia: Paladin Energy Ltd John Borshoff Managing Director/CEO +61 8 9381 4366 or Mobile: +61 419 912 571
In Canada: Paladin Energy Ltd Greg Taylor 905 337-7673 or Mobile: 416 605-5120 (Toronto)
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