CAPITAL MARKETS

ERA blames it on the rain

NEAR-record rainfall has hit Energy Resources of Australia’s bottom line with the embattled uranium miner today flagging a 2011 first-half loss of between $A30 million and $50 million after extending the shutdown of its processing plant operations at the Ranger mine in the Northern Territory.

MiningNews.Net
ERA blames it on the rain

The company said the shutdown of the processing plant at its Ranger operations, which recorded its third-highest wet season on record, had been extended until late July 2011 to allow water levels in the...

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