Paladin to sell mine stake

Shares jump as company to offload 25% stake in Langer Heinrich uranium mine.

Shares in Paladin Energy Ltd have jumped after it announced the sale of its 25% equity stake in the Langer Heinrich uranium mine in Namibia to China Uranium Corporation Limited for $US190 million ($A216.7 million).

At 1050 AEDT, Paladin shares jumped 8.48% to 60.75 cents. The shares hit 65.5 cents in earlier trade.

China Uranium Corporation Limited is a wholly-owned subsidiary of China National Nuclear Corporation (CNNC).

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