Uranium miner ERA losses slump, yet again
ERA’s loss widens to $255m, Yahoo 7 Finance, 1 Aug 15 Uranium miner Energy Resources of Australia has slumped to a $255 million half year loss after shelving a major mine expansion in challenging conditions.
The Rio Tinto-controlled miner will not pay a half year dividend and said the uranium market remained challenging as an oversupply kept prices week……Half of the company’s board quit last month after ERA decided its proposed new underground mine at Ranger the Northern Territory would not proceed to a final feasibility study due to a sluggish uranium market.
Controlling shareholder Rio Tinto then pulled its support for any expansion of the mine, despite ERA saying it would seek to extend its authority to operate Ranger in order to re-visit the expansion at some stage.
ERA’s net loss in the six months to June 30 is significantly larger than the $127 million loss incurred in the same period of 2014, due mainly to a $197 million writedown related to the mine decision……https://au.finance.yahoo.com/news/eras-loss-widens-255m-051004998.html
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1.This month.
The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.
The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.
Antinuclear 
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