Paladin Energy Ltd-Board Changes
PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 07/02/10 -- Paladin Energy Ltd ('Paladin' or 'the Company') (TSX: PDN)(ASX: PDN) reports that the Board is pleased to advise of the appointment of Mr Peter Donkin with effect from 1 July 2010 and Mr Philip Baily with effect from 1 October 2010 as non-executive directors of Paladin Energy Ltd.
Mr Donkin has 28 years experience in finance, of which the last 18 years have involved arranging finance in the mining sector. He was the Managing Director of the Mining Finance Division of Societe Generale in Australia, having worked for that bank for 21 years in both their Sydney and London offices. Prior to that he was with the corporate and international banking division of the Royal Bank of Canada. His experience in finance has included structuring and executing transactions for mining companies, both in Australia and internationally in a wide variety of financial products, including project finance, corporate finance, acquisition finance, export finance and early stage investment capital. Peter holds a Bachelor of Economics degree and a Bachelor of Law degree from the University of Sydney. He currently sits on the board of Sphere Minerals Ltd.
Mr Baily is a metallurgist with more than 40 years experience in the mining industry, including some 10 years in the uranium sector. Throughout his career he has been involved in the design, construction, commissioning and operation of mineral processing plants including two uranium plants. Project locations have varied from the deserts of Australia to the tropics of Papua New Guinea and the high altitudes of Argentina. He has extensive experience, at senior management level, in the evaluation of projects from grass roots developments to the acquisition of advanced projects and operating companies. These projects have been located throughout the world, many in developing countries and environmentally sensitive areas. Phil holds a Bachelor of Science and a Master of Science degree from the University of NSW.
Following the appointment of Mr Donkin and Mr Baily, Mr Ian Noble will not seek re-election and will resign at the next Annual General Meeting to be held on 24 November 2010. The Board would sincerely like to thank Mr Noble for his contribution to the Board during a period of high growth and activity for the Company.
ACN 061 681 098
Contacts:
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61-8-9381-4366 or Mobile: +61-419-912-571
john.borshoff@paladinenergy.com.au
Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+905 337-7673 or Mobile: +416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au