ERA uranium company’s losses, and closed operations due to radioactive spill
ERA narrows loss to A$136m, says toxic spill probe continuing Mining Weekly By: Esmarie Swanepoel 31st January 2014 “…..During the year, revenue from sales decreased 10%, to A$355.8-million, while revenue from continuing operations was down 12% on the previous financial year to A$370-million…..
ERA produced some 2 960 t of uranium oxide in the year under review, which was 20% less than that produced in 2012, as lower mill rates affected output. The suspension of processing operations following the failure of a leach tank in December also negatively affected operations, ERA said.
Processing operations at the Ranger mine, in the Northern Territory, remain suspended pending the completion of a full investigation and regulatory approvals to restart.
ERA was conducting an independent investigation that would run in parallel with the government investigation.http://www.miningweekly.com/article/era-narrows-loss-to-a136m-says-toxic-spill-probe-continuing-2014-01-31
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