Uranium company ERA’s “horror year” continues
Production slump caps a horror year for ERA BARRY FITZGERALD THE AUSTRALIAN JANUARY 10, 2014 RIO Tinto’s listed uranium subsidiary Energy Resources of Australia (ERA) has finished off a horror year by reporting a near 60 per cent slump in December quarter production from its Ranger mine in the Northern Territory.
A severe production fall was expected because of the absence of high-grade material following the cessation of mining operations in the open-cut at Ranger. But things got worse on December 7 when a leach tank at the processing operations collapsed, forcing a shutdown for clean-up and a wait for regulatory approval to restart processing operations. … (registered readers only) HTTP://WWW.THEAUSTRALIAN.COM.AU/BUSINESS/MINING-ENERGY/PRODUCTION-SLUMP-CAPS-A-HORROR-YEAR-FOR-ERA/STORY-E6FRG9DF-1226798542510#
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