End Of An ERA For Era

Uranium miner Energy Resources of Australia (Era) will cease ore processing at its Ranger uranium mine on Friday, in line with the conclusion of its Ranger Authority, while plans for the Ranger 3 Deeps operation have been shelved indefinitely.

The miner told shareholders that there was sufficient stockpiled ore on the run-of-mine pad to support processing operations until this time.

The uranium miner in 2015 failed to gain approval for the extension of the Ranger Authority, which permits mining at the operation, after having earlier shelved plans for its Ranger 3 Deeps underground project on the back of weak economic prices, forcing the closure of the operation in January this year.

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