Australian based Paladin Energy Limited is selling the Kayelekera Uranium Mine located in Karonga North West from the district headquarters in Northern Malawi, to another company.
But Natural Resources Committee of Parliament, Youth and Society and the Church and Society of the CCAP Livingstonia Synod have expressed reservations on the proposed sale.
Paladin is selling the mine at 300 million US dollars while it initially invested 600 million US dollars into Malawi’s only uranium mining venture which officially opened in April 2009.
Paladin Energy Limited is being represented at a parliamentary interface by Chief Executive Officer Scott Sullivan and his colleague Michael Holy
Since 2014, the mine has not been on full operation but on care and maintenance mode owing to depressed uranium market.
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