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Name | Symbol | Market | Type |
---|---|---|---|
Energy Resources Of Australia Ltd (PK) | USOTC:EGRAY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.019296 | 0.012 | 0.20 | 0.00 | 21:00:02 |
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
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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