PERTH, WESTERN AUSTRALIA--(Marketwire - June 12, 2007) - Paladin Resources Ltd. (TSX:PDN)(ASX:PDN) responded today to an article that appeared on May 28, 2007 on the Mineweb website reporting a news article published in Malawi suggesting that the Kayelekera Uranium Project start up date may not be achievable because the Malawi Electricity Supply Company (ESCOM) could not afford to construct major power distribution infrastructure and, to avoid this, Paladin would need to invest a considerable amount of capital on grid power supply.
Due to the identified unreliable grid power supply, the Kayelekera Bankable Feasibility Study (BFS) only considered on-site diesel power generation for its electricity supply and all costings that have been presented in the BFS are calculated on this basis. The Government of the Republic of Malawi was fully appraised of this during the preparation of the BFS. Grid power may be used at a later date if and when ESCOM can deliver required quality and reliability of electricity.
Paladin has already placed an order for its 10MW power generation facility and this is expected to be on site in the scheduled project time frame. This key element is therefore not expected to delay the September 2008 commissioning date that has been set for the project.
Caution Regarding Forward Looking Statements: Statements regarding the Company's plans to develop the Kayelekera Project are forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ from those expressed or implied by such statements. There can be no guarantee such statements will be realised. In particular, there can be no assurance that Paladin will be able to successfully build, develop and operate a uranium mine or that it will be able to raise the funds necessary to complete such tasks. Furthermore, there can be no assurance that if completed, any mine will be profitably operated.
Tuesday 12 June 2007
Despite tragedy, couples' passion lives on
JOLIET -- Jill Sperling is going to fulfill a dream in Africa.
She will leave Wednesday for a 17-day trip to the southeast African country of Malawi, where tens of thousands die of AIDS every year. More than half of Malawi's 12.6 million people live in poverty.
Sperling, the dean of students at Drauden Point Middle School, will spend a week in a village at the Tiyamike Mulungu Center. She will help missionaries Will and Pam Phillips, who care for 120 children, including 29 babies.
My heart is with the babies," Sperling said. "I just want to go to Africa and rock the babies."
Sperling, a Lombard resident, will be joined by her brothers, Joel and Jon Van Dahm, who live in Tempe, Ariz. They flew to Chicago on Monday.
Sperling also will distribute 3,000 of the 5,126 books that Drauden Point students collected in the last year. To pay for the $3,000 mailing cost, the student council donated money and so did teachers and friends.
Sperling and other teachers mailed the books Thursday. The remaining books will distributed in the area by Catholic Charities.
The trip is a dream that Sperling, 32, and her late husband, Bruce, had for many years. About two years ago, they decided to make the trip this summer.
But on the 2006 Memorial Day weekend, Bruce Sperling and his brother, Mark, tried to rescue a kayaker on the Fox River in Yorkville. The brothers and the kayaker drowned.
Jill Sperling said she and her husband met as children when she grew up in Orland Park and he lived in Palos Heights. They went to Christian schools together and graduated from Trinity Christian College in Palos Heights.
They were friends for 10 years before they began dating and were married in December 2004. He was a youth pastor at a Lombard church.
After Bruce's funeral, talk among members of both families turned to the Africa trip. Soon afterward, her brothers decided to go with her.
"They saw an urgent need there and felt they were blessed to be in a position to help. That desire was reflected in Bruce's life," Joel Van Dahm said of Bruce and Jill Sperling in an e-mail.
The brothers are to spend a week in the country's capital. Joel Van Dahm has a college degree in engineering and he is interested in water systems. Jon wants to share his knowledge of running a small business and help the babies.
"We can be a symbol of hope in a place that appears hopeless," Jon Van Dahm wrote in an e-mail. "That's why this will not be a one-time visit but a life-long connection ... a new family."
The Phillips have lived in the Malawi village of Bangula since 2003 and some of their support is from Generational Hope Christian Centre in Hobart, Wash. The couple operates the center on $4,000 a month. Besides books, Sperling will take supplies, such as blankets and baby bottles.
"For Bruce and I, it is about loving people and showing Christ's love in a very active and tangible way," she said of the trip. "Both of us always felt drawn to children in general, but specifically to orphans and children who have diseases or just to children who have nothing."
She will leave Wednesday for a 17-day trip to the southeast African country of Malawi, where tens of thousands die of AIDS every year. More than half of Malawi's 12.6 million people live in poverty.
Sperling, the dean of students at Drauden Point Middle School, will spend a week in a village at the Tiyamike Mulungu Center. She will help missionaries Will and Pam Phillips, who care for 120 children, including 29 babies.
My heart is with the babies," Sperling said. "I just want to go to Africa and rock the babies."
Sperling, a Lombard resident, will be joined by her brothers, Joel and Jon Van Dahm, who live in Tempe, Ariz. They flew to Chicago on Monday.
Sperling also will distribute 3,000 of the 5,126 books that Drauden Point students collected in the last year. To pay for the $3,000 mailing cost, the student council donated money and so did teachers and friends.
Sperling and other teachers mailed the books Thursday. The remaining books will distributed in the area by Catholic Charities.
The trip is a dream that Sperling, 32, and her late husband, Bruce, had for many years. About two years ago, they decided to make the trip this summer.
But on the 2006 Memorial Day weekend, Bruce Sperling and his brother, Mark, tried to rescue a kayaker on the Fox River in Yorkville. The brothers and the kayaker drowned.
Jill Sperling said she and her husband met as children when she grew up in Orland Park and he lived in Palos Heights. They went to Christian schools together and graduated from Trinity Christian College in Palos Heights.
They were friends for 10 years before they began dating and were married in December 2004. He was a youth pastor at a Lombard church.
After Bruce's funeral, talk among members of both families turned to the Africa trip. Soon afterward, her brothers decided to go with her.
"They saw an urgent need there and felt they were blessed to be in a position to help. That desire was reflected in Bruce's life," Joel Van Dahm said of Bruce and Jill Sperling in an e-mail.
The brothers are to spend a week in the country's capital. Joel Van Dahm has a college degree in engineering and he is interested in water systems. Jon wants to share his knowledge of running a small business and help the babies.
"We can be a symbol of hope in a place that appears hopeless," Jon Van Dahm wrote in an e-mail. "That's why this will not be a one-time visit but a life-long connection ... a new family."
The Phillips have lived in the Malawi village of Bangula since 2003 and some of their support is from Generational Hope Christian Centre in Hobart, Wash. The couple operates the center on $4,000 a month. Besides books, Sperling will take supplies, such as blankets and baby bottles.
"For Bruce and I, it is about loving people and showing Christ's love in a very active and tangible way," she said of the trip. "Both of us always felt drawn to children in general, but specifically to orphans and children who have diseases or just to children who have nothing."
Madonna Says "Women Are The Future Of Africa"
Los Angeles, CA (BANG) - Madonna believes "women are the future of Africa." The singer, who was inspired to adopt Malawian orphan David after visiting the poverty-stricken region last year, is now working on a documentary to increase awareness of the plight of African orphans.
Madonna told Vanity Fair magazine: "I want to see girls with educations. I think women are the future of Africa."
The pop superstar has teamed up with director Nathan Rissman to produce a film exploring the lives of the thousands of infants and children who have been orphaned, often as the result of HIV and AIDS.
Madonna said recently: "I asked one of the children in Malawi, 'If you've got the world listening to you, if there's one thing you could say to the world, what would you say? And the boy said, 'Please just help us forget we're orphans.' "
Madonna, 48, adopted 19-month-old David after traveling to Malawi to help build an orphanage as part of the Raising Malawi project in October. The "Material Girl" singer also has a ten-year-old daughter, Lourdes, from a previous relationship, and a son, Rocco, six, with her director husband Guy Ritchie.
Madonna told Vanity Fair magazine: "I want to see girls with educations. I think women are the future of Africa."
The pop superstar has teamed up with director Nathan Rissman to produce a film exploring the lives of the thousands of infants and children who have been orphaned, often as the result of HIV and AIDS.
Madonna said recently: "I asked one of the children in Malawi, 'If you've got the world listening to you, if there's one thing you could say to the world, what would you say? And the boy said, 'Please just help us forget we're orphans.' "
Madonna, 48, adopted 19-month-old David after traveling to Malawi to help build an orphanage as part of the Raising Malawi project in October. The "Material Girl" singer also has a ten-year-old daughter, Lourdes, from a previous relationship, and a son, Rocco, six, with her director husband Guy Ritchie.
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