ESG

Ranger closure could exceed $2B: ERA

RIO Tinto’s woes have continued after yesterday’s damning report into workplace culture, with a subsidiary confirming the costs of closing the Ranger uranium mine are likely to be double its last estimate, and will take two years longer.

Ranger-uranium-ore-stockpiles.jpg

Energy Resources of Australia, which is now 86%-owned by Rio, warned of a significant cost blow-out to its 2019 feasibility study estimate of A$973 million last October, and today it has put a dollar figure...

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