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ERA Energy Resources Of Australia Limited

0.047
-0.002 (-4.08%)
24 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
  -0.002 -4.08% 0.047 0.047 0.049 0.049 0.047 0.049 211,549 07:10:15

Energy Resources of Australia 2012 Uranium Output Jumps 40%

10/01/2013 12:08am

Dow Jones News


Energy Resources Of Aust... (ASX:ERA)
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   By David Winning 
 

SYDNEY--Energy Resources of Australia Ltd. (ERA.AU) said uranium output surged 40% last year after the company targeted higher-grade ore at its flagship Ranger mine in Australia's Northern Territory.

Production of 3,710 metric tons in 2012 was at the top end of guidance, the mining company majority-owned by Rio Tinto PLC (RIO.AU) said in a statement Thursday. ERA had forecast output of between 3,500 and 3,700 tons of uranium, a key fuel used in generating nuclear power.

The producer's output was significantly hurt in 2011 by the suspension of ore processing due to wet weather. Uranium output fell 1% to 1,227 tons in the October-to-December period of 2012, ERA said, compared with the previous three months.

-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

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