Antinuclear

Boss of ERA bales out as Ranger uranium mine loss reported

ERA reports Ranger uranium loss of $21m and boss ABC News, By Rick Hind  1 August 13 The company that runs the Ranger uranium mine in the Northern Territory has announced a $54 million loss and the departure of its chief executive.

In its half-yearly results, Energy Resources of Australia (ERA) said losses booked up included $21 million spent on an underground exploration decline.

It said chief executive Rob Atkinson will move to Rio Tinto after five years running ERA.

ERA is majority owned by Rio Tinto….. The underground exploration decline is part of establishing the viability of future operations.

Draft EIS guidelines for the underground mining proposal are in the hands of the Northern Territory Environmental Protection Authority.

The Federal Government is expected to release environmental guidelines for the proposed expansion within weeks….. http://www.abc.net.au/news/2013-08-01/era-ranger-uranium-loss-report-ceo-goes-to-rio-tinto/4858824

August 1, 2013 - Posted by Christina Macpherson | business, Northern Territory