Original article by Peter Ker
The Australian Financial Review – Page: 12 & 18 : 3-Feb-22

Energy Resources of Australia has advised that rehabilitation work at the Ranger uranium mine in the Northern Territory is now expected to cost between $1.6bn and $2.2bn. This compares with estimated costs of $526m in 2017 and $973m in 2019. The target date for completing the rehabilitation project has also been pushed back by nearly three years. Rio Tinto has an 89 per cent stake in ERA, which may pursue another equity raising to cover the cost blowout. Uranium processing at the Ranger mine ended in early 2021.

CORPORATES
ENERGY RESOURCES OF AUSTRALIA LIMITED – ASX ERA, RIO TINTO LIMITED – ASX RIO