ERA Puts A$175 Million Price Tag on New Ranger Uranium Mine
January 31 2013 - 9:55PM
Dow Jones News
By Ross Kelly
SYDNEY--A new underground uranium mine alongside Energy
Resources of Australia Ltd.'s (ERA.AU) recently-depleted Ranger pit
will cost at least 175 million Australian dollars (US$182.3
million) to build, Chief Executive Rob Atkinson said in an
interview Friday.
ERA has already committed A$120 million to evaluate the
potential of the Ranger 3 Deeps prospect. It wants to decide on
whether to build a new mine by mid-2014, in time to start producing
uranium oxide by late 2015.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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