Energy Resources Of Australia: 2010 Production Expected In Line With Previous Years
April 29 2010 - 9:00PM
Dow Jones News
Mine production during 2010 should be in line with previous
years, Australia's largest uranium miner Energy Resources Australia
Ltd. (ERA.AU) said Friday.
The production will be "significantly weighted to the second
half of the year," the company said in a presentation, as mine
sequencing provides higher-grade products.
However, ERA warned that the strength of the Australian dollar
against the U.S. dollar and the direction of market uranium prices
could pressure revenues.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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