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Rio Tinto has agreed to sell its entire 68.62% stake in Rössing Uranium Limited, owner of the Rössing mine in Namibia, to China National Uranium Corporation Limited for up to USD106.5 million.

Paladin ¶¶Òõ´«Ã½ÔÚÏß has begun preparations at Langer Heinrich ahead of a potential decision to put the Namibian uranium mine under care and maintenance. A decision is expected within two months.

Paladin ¶¶Òõ´«Ã½ÔÚÏß's creditors have agreed to a proposal to restructure the company's debt and reinstate it to quotation on the ASX. The Western Australia-based company's creditors have executed the proposed deed of company arrangement (DOCA). Major creditor Electricité de France previously said it may seek to have the DOCA, which it claims is unfairly prejudicial towards it, terminated.

A recently completed process optimisation study has shown how Bannerman Resources can save an estimated $73 million in capital costs at its Etango uranium project. The study forms the first part of Bannerman's update of the definitive feasibility study for its 95%-owned Namibian project.

TheÌýLanger Heinrich uranium mine in Namibia will remain under the ownership of Paladin ¶¶Òõ´«Ã½ÔÚÏß as the company goes through administration after joint venture partner CNNC Overseas Uranium Holdings decided not to exercise its option to acquire Paladin's share of the mine. Paladin owes EDF $277 million. million,

Independent experts have determined the fair market enterprise value of the Langer Heinrich uranium mine's holding companyÌýto beÌý$583 million, Paladin ¶¶Òõ´«Ã½ÔÚÏß has announced. Separately, Paladin said the administrators it appointed earlier this month have agreed a new financing facility that will fund working capital for the Namibian mine.

Paladin ¶¶Òõ´«Ã½ÔÚÏß Ltd has today appointed administrators after it was unable to agree a delay to the repayment of $277 million it owesÌýElectricité de France. The administrators will continue to operate the company on a business-as-usual basis until further notice.

Paladin ¶¶Òõ´«Ã½ÔÚÏß LimitedÌýplans toÌýstart arbitration proceedings against CNNC Overseas Uranium Holdings Ltd (CNNC Overseas) amidÌýindications it will seek to acquire Paladin's interest in the Langer Heinrich uranium mine in Namibia.ÌýCNNC Overseas bought a 25% joint venture equity stake in Langer Heinrich for $190 million in January 2014.

Bannerman Resources Limited has completed its Etango heap leach demonstration plant project and begun work to incorporate its findings into the Namibian uranium project's definitive feasibility study.

Bannerman Resources has approved an extension of its Etango heap leach demonstration plant program after receiving "excellent" results from the fifth phase of the project in Namibia.

Bannerman Resources has completed work to de-risk the heap leaching process it intends to use at its Etango uranium project in Namibia. The fifth and final stage of testing is now underway at the Etango heap leach demonstration plant.

Paladin ¶¶Òõ´«Ã½ÔÚÏß has announced plans to sell 24% of the Langer Heinrich uranium mine in Namibia and up to 75% stake of its Manyingee project in Western Australia. The transactions stand to raise over $200 million.