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| 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 |
From May 2019 to May 2024
By Ross Kelly
SYDNEY--Energy Resource of Australia Ltd. (ERA.AU) said Wednesday its Chief Executive Rob Atkinson is resigning, as the uranium miner booked a first-half net loss of 53.5 million Australian dollars (US$48.3 million).
Mr. Atkinson will take up a new role at Rio Tinto PLC (RIO.AU), which owns about 68% of the company. The precise timing of his departure and identity of his successor haven't been determined, ERA said.
The net loss for the six months to June 30 narrowed from a A$59.9 million loss in the previous year. ERA's profitability has suffered in recent years from its Ranger pit in Australia's Northern Territory running out of ore.
The company stopped mining at Ranger last year and is currently selling stockpiled ore while it studies the merits of digging a new pit. It hopes to be in a position to make a final investment decision on this pit, called Ranger 3 Deeps, by the middle of 2014.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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