Original article by Peter Ker
The Australian Financial Review – Page: 15 : 16-Jun-15

Shares in Energy Resources of Australia (ERA) shed 25.4 per cent on 15 June 2015, closing at $A0.50. This followed a large sell-off in the previous trading session, after the uranium miner advised that it will not proceed with the Ranger 3 Deeps expansion of its Ranger mine in the Northern Territory. Glyn Lawcock of UBS believes that there is almost no chance that ERA will resume mining at Ranger.

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ENERGY RESOURCES OF AUSTRALIA LIMITED – ASX ERA, UBS HOLDINGS PTY LTD, RIO TINTO LIMITED – ASX RIO, ROYAL BANK OF CANADA, PALADIN ENERGY LIMITED – ASX PDN