The Takeovers Panel has ordered Energy Resources of Australia (ERA) to suspend trading in new shares for at least five business days in relation to its share entitlement offer announced in November last year.
The Takeovers Panel has ruled that Rio Tinto’s move to back Energy Resources of Australia (ERA)’s proposed entitlement offer to fund rehabilitation of the Ranger uranium mine in the Northern Territory is unacceptable.
Energy Resources Australia (ERA) plans to raise $476 million to cover its rehabilitation obligations at the Ranger uranium mine in the Northern Territory.
Boss Resources has reached the second phase of its plan to restart the Honeymoon uranium project in South Australia.
Energy Resources of Australia (ERA) has revised the rehabilitation cost for its Ranger uranium project in the Northern Territory following finalisation of its closure feasibility study.
Energy Resources of Australia’s (ERA) Ranger mine in the Northern Territory is heading towards full closure as it explores rehabilitation options with parent company Rio Tinto.
Energy Resources Australia has run up the white flag on continuing to mine for uranium at Ranger beyond 2021.
Indigenous groups say backburning operations at ERA’s Ranger mine are at risk of torching ancient rock art sites.
Embattled uranium miner Energy Resources Australia (ERA) declared it will write down its declared tax assets by up to $200 million as a result of the stalled Ranger 3 Deeps project.
Hall Engineering has won the contract to carry out remediation work at ERA’s Ranger uranium mine.
The chairman and two directors of Energy Resources of Australia (ERA) have stepped down following last week’s revelation that the Ranger 3 Deeps project will not go ahead.
The Mirrar Traditional owners of the Ranger Uranium Mine area announced they would not support any lease extension beyond 2021, effectively ending the prospects of ERA as a profitable mining company.
Energy Resources Australia has scotched the Ranger 3 Deeps project, announcing last night it would not proceed to the final feasibility study.
ERA has posted a loss on net profits for the fourth year running, as the company moves closer to first ore from the Ranger 3 Deeps project.
The Ranger Uranium mine has been directed to improve process safety procedures on site, due to insufficient safety when a leach tank collapsed last year.
Drilling results at the Ranger 3 Deeps project have returned results in line with recent interpretations, according to Energy Resources Australia.
An interim report states there was no adverse environmental impact on human health or Kakadu National Park caused by the leach tank failure in December.
ERA will today commence a progressive restart of operations, having received written approval from state and federal government.
Rio Tinto has stated that concerns about the funding for rehabilitation of the Northern Territory Ranger mine site are hypothetical, and remain the concerns of the ERA board of directors.
Rio Tinto will be called to account for their position on the issue of funding rehabilitation operations at ERA’s Ranger mine in Kakadu, at their Australian AGM in Melbourne tomorrow.