Uranium miner Paladin Energy, which at its peak was one of WAs most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $277 million ($A370 million) debt.
The company announced late today its directors had appointed KPMG partners Matthew Woods, Hayden White and Gayle Dickerson as administrators.
The administrators intend to continue operating the business on a business as usual basis, Paladin said in a statement.
The companys management and directors remain committed to working with the administrators on a restructure and recapitalisation of the company, the statement said.
Paladins core asset is its 75 per cent interest in the Langer Heinrich uranium mine in Namibia.
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