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RIO Rio Tinto Plc

68.79
0.51 (0.75%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Rio Tinto Plc NYSE:RIO NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.51 0.75% 68.79 69.12 68.42 68.96 3,193,760 01:00:00

Energy Resources Reports 20% Drop in Uranium-Oxide Output

10/07/2015 12:23am

Dow Jones News


Rio Tinto (NYSE:RIO)
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   By Rhiannon Hoyle 
 

SYDNEY--Energy Resources of Australia Ltd. (ERA.AU) said its output of uranium oxide dropped 20% in the second quarter, citing a planned shutdown of its processing mill for maintenance.

The company, controlled by Rio Tinto PLC (RIO), said it produced 390 metric tons of uranium oxide from its stockpiles in the three months through June, compared with 489 million tons the quarter immediately prior.

ERA stopped mining uranium at its Ranger deposit in Australia's Northern Territory in late 2012 after its ore was depleted, and has since been processing stockpiled ore.

Last month, ERA announced it would shelve its next proposed development, the Ranger 3 Deeps project, amid a prolonged downturn in the global uranium market.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

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


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