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Energy Resources of Australia has announced that its chairman and two independent non-executive directors are to step down. The announcement came after majority owner Rio Tinto questioned the content of a newly released valuation report to address material cost and schedule overruns on the rehabilitation of the Ranger project.
Investegate announcements from Rio Tinto, Second quarter production results
Gold: Mining Technology lists the top terms tweeted on commodity markets February 2022, based on GlobalData’s Mining Influencer Platform.
The total cost to rehabilitate the Ranger project area is likely to be between AUD1.6 billion and AUD2.2 billion (USD1.1 billion-1.6 billion), according to preliminary findings from a reforecasting exercise by Energy Resources of Australia. The work is now expected to be completed between late 2027 and late 2028.
08 January 2021 Share Processing operations at Energy Resources of Australia's (ERA) Ranger mine ended today in accordance with legislative and regulatory requirements. The mine, which is in the Northern Territory (NT), was Australia's longest continually operating uranium producer. The Ranger mine site, with the processing plant in the foreground (Image: ERA) "Ranger has been a major supplier to global energy markets as well as being a key contributor to the Kakadu region and the Northern Territory," ERA Chief Executive Paul Arnold said, expressing the "heartfelt gratitude" of ERA's Board an...