Energy Resources of Australia, uranium miner, suffers another annual loss
Uranium miner’s loss widens, Yahoo News 7 Feb 15 The operator of the Ranger uranium mine in Kakadu National Park has suffered another annual loss and expects the uranium market to remain challenging.
The Rio Tinto-owned Energy Resources of Australia made a $188 million loss in 2014, after suffering a loss of $136 million in 2013.
The company expects to increase its uranium production in 2015, after output was dented in 2014 because of the suspension of processing operations for more than six months after the failure of a leach tank in December 2013.
The company’s purchase of uranium oxide to fulfil sales dragged on its earnings……..https://au.finance.yahoo.com/news/uranium-miners-loss-widens-100814187.html
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