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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0005 | 25.00% | 0.0025 | 0.002 | 0.003 | 0.003 | 0.002 | 0.003 | 1,945,883 | 05:10:10 |
From Dec 2022 to Dec 2024
By Rhiannon Hoyle
Energy Resources of Australia said Tuesday it expects total costs for the rehabilitation of the closed Ranger uranium mine in northern Australia to "materially exceed" its prior estimate of up to 2.2 billion Australian dollars (US$1.4 billion).
"In addition, it is expected that the final completion date will also be delayed," said the company, which is majority owned by mining giant Rio Tinto.
ERA said it is unable to provide further details on the project's estimated schedule and costs "due to a number of uncertainties including the outcome of final 2022 Feasibility Study," which it now expects to receive in October, a month later than previously anticipated.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
September 25, 2023 19:22 ET (23:22 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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