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ENERGY RESOURCES OF AUSTRALIA LIMITED

ASX: ERA

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Energy Resources of Australia Ltd (ERA) mines uranium ore and produces drummed uranium oxide at its Ranger mine 260 kilometres east of Darwin in Australia's Northern Territory.

ERA sells its product to power utilities in Asia, Europe and North America under strict international and Australian Government safeguards.

The Company aims to secure profitable, long term contracts for uranium oxide produced from Ranger.

ERA also holds title to the Jabiluka deposit, situated 22 kilometres north of Ranger.

The Ranger Project Area and the Jabiluka lease are located on Aboriginal land. The conditions for mining at Ranger and Jabiluka are set out in agreements made with the Northern Land Council on behalf of the Mirarr Traditional Owners under the Federal Aboriginal Land Rights (Northern Territory) Act 1976.

Rio Tinto, a diversified resources group, owns 68.4 per cent of ERA shares. The balance of the Company's shares are publicly held and traded on the Australian Stock Exchange.

Mine For

uranium

Location of operation(s)

Northern Territory

Address

Level 10, TIO Centre 24 Mitchell Street
DARWIN, NT, AUSTRALIA

Phone

+61889243500

Email

Website


Last Updated

28/03/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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