Antinuclear

ERA’s Ranger uranium mine continues to be a money pit

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.

June 20, 2012 - Posted by Christina Macpherson | business, Northern Territory, uranium