Australian news, and some related international items

Northern Territory’s only uranium mine doubles last year’s crippling loss of money!

Ranger loses $51.5m NIGEL ADLAM   |  July 27th, 2012 Ranger uranium mine. THE Territory’s only uranium mine has lost more money. Energy Resources of Australia said yesterday that Ranger suffered a loss of $51.5 million in the first six months of this year.

The operation lost $22.3 million in the same period last year. ERA said lower sales, lower prices and a strong Australian dollar were behind the result despite production doubling in the period.

July 28, 2012 - Posted by | business, Northern Territory, uranium

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