ERA ‘strategic review’ for Ranger in pipeline

Original article by Barry FitzGerald
The Australian – Page: 18 : 13-Jan-16

Energy Resources of Australia’s uranium production at the Ranger mine in the Northern Territory rose by 12 per cent year-on-year to 669 tonnes in the December 2015 quarter. The company is only processing stockpiled ore from the open-cut operation, which has reached the end of its mine life, after major shareholder Rio Tinto rejected plans for the Ranger 3 Deeps expansion. ERA will release the results of its strategic review during the March 2016 quarter.

CORPORATES
ENERGY RESOURCES OF AUSTRALIA LIMITED – ASX ERA, RIO TINTO LIMITED – ASX RIO, UBS HOLDINGS PTY LTD, ZENTREE INVESTMENTS

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