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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
Website
Last Updated
21/04/2010
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.