Antinuclear

Energy Resources of Australia – no decision on new uranium mining until 2014

ERA to wait two years on new uranium, Northern Territory News, ALISON BEVEGE   |  April 12th, 2012   A DECISION won’t be made on mining an estimated 34,000 tonnes of uranium at a new Territory resource until 2014, uranium miner Energy Resources of Australia has said.

Shareholders caught a ray of hope at ERA’s annual general meeting at SkyCity Casino yesterday after a gloomy 2011 where the company lost $154 million and halted dividends….. The company will begin extensive mapping of the new find this year with construction to begin on a $120 million exploration decline on May 1.

Mr Atkinson said no decision on mining it would be considered for two years. “2014 is to be the year of decisions,” he said….. http://www.ntnews.com.au/article/2012/04/12/298551_ntnews.html

April 13, 2012 - Posted by Christina Macpherson | business, Northern Territory, uranium