Continuing losses for ERA with Ranger uranium mne

Ranger uranium miner ERA predicts loss of up to $60m, BY: BARRY FITZGERALD   The Australian June 20, 2012 RANGER uranium miner Energy Resources of Australia has flagged a $50 million to $60m loss for the first half.

The forecast loss by the listed Rio Tinto subsidiary was made by the company in presentation notes filed with the ASX ahead of a two-day tour by analysts of the Northern Territory mine….

.. Earlier this month, ERA approved $57m for expenditure on a study into the potential of the Ranger 3 Deeps mine. A decision on its viability is due in late
2014.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

%d bloggers like this: