ASX-listed miners in Namibia drop on report of govt stake buy plan

Bannerman Energy

30/05/2023 04:44

** Shares of ASX-listed miners operating in Namibia tumble,
led by losses in uranium miner Paladin Energy  PDN.AX 
    ** Namibia is considering taking minority stakes in mining
and petroleum producers, the country's mining minister told
lawmakers, Bloomberg News reported
    ** Shares in PDN, which owns majority stake in the Langer
Heinrich mine, fell as much as 22.6% to A$0.515 - their lowest
level since Aug. 31, 2021
    ** Bannerman Energy  BMN.AX , developing the Etango Uranium
project, fell 7.4% to a one-month low
    ** Deep Yellow  DYL.AX  declined as much as 13.4% in its
biggest intraday pct fall since May 9; DYL completed a
definitive feasibility study on Tumas uranium project in early
2023
    ** Askari Metals  AS2.AX , owner of the Uis lithium project,
fell 1.9%
    ** Australia's mining sub-index  .AXMM  was up 0.3% on
Tuesday

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))