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ERA Energy Resources Of Australia Limited

0.049
0.001 (2.08%)
23 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Energy Resources Of Australia Limited ASX:ERA Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.001 2.08% 0.049 0.048 0.049 0.049 0.049 0.049 92,651 07:10:19

ERA Puts A$175 Million Price Tag on New Ranger Uranium Mine

01/02/2013 2:55am

Dow Jones News


Energy Resources Of Aust... (ASX:ERA)
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   By Ross Kelly 
 

SYDNEY--A new underground uranium mine alongside Energy Resources of Australia Ltd.'s (ERA.AU) recently-depleted Ranger pit will cost at least 175 million Australian dollars (US$182.3 million) to build, Chief Executive Rob Atkinson said in an interview Friday.

ERA has already committed A$120 million to evaluate the potential of the Ranger 3 Deeps prospect. It wants to decide on whether to build a new mine by mid-2014, in time to start producing uranium oxide by late 2015.

Write to Ross Kelly at ross.kelly@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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