Uranium’s upside skew: Analysts bullish on uranium market
Global investment firm Morgan Stanley & Co. International plc+ has released a new report highlighting the bullish outlook for the uranium market.
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Nuclear not as clean as proponents claim
The cleanup and rehabilitation of the Ranger uranium mine in the Northern Territory serve as a stark reminder that nuclear power is not as clean as its proponents claim. Similar to coal mining, uranium mining leaves significant holes in the ground. However, the cleanup and rehabilitation of uranium mines come with added complexities and costs, particularly the challenge of safely handling radioactive materials left behind.
Read MoreRio Destined to Go All the Way with ERA
Rio Tinto says it will support ERA’s latest capital raising to help fund the continuing rehabilitation of the Ranger uranium mine in the Northern Territory to the end of June 2024.
Read MoreCooler Heads Prevail in Ranger Brouhaha
Rio Tinto and ERA have made a definitive move to lower the temperature of their dispute about rehabilitating the Ranger uranium mine and its surrounds in the Northern Territory.
Read MoreCostly Sins of the Fossil Fuel Father Bite ERA
As Energy Resources of Australia is finding out the hard way, it’s not the production and selling costs involved with mining fossil fuels that catch you in the end, it is the rehab costs.
Read MoreRio Tinto To Fund Ranger Uranium Cleanup Shortfall
Rio Tinto will boost its stake in its Energy Resources of Australia (ERA) to help the company fund the cleanup of the Ranger uranium mine in the Northern Territory.
Read MoreCan Producers Have Their Yellowcake And Eat It Too?
Waiting for the depressed uranium market to turn is like waiting on the platform for a tardy train, but the fundamentals for a recovery are in place.
Read MoreERA In Limbo As Directors Depart
Struggling uranium seller Energy Resources Of Australia (ERA), the partly-owned subsidiary of Rio Tinto (RIO), has been left in a state of confusion after its three independent directors, including the chairman, quit at the weekend over a disagreement about the company’s future.
Read MoreERA Cancels Ranger 3 Deeps Expansion
Energy Resources of Australia (ERA), the part owned subsidiary of Rio Tinto (RIO) has decided not to push ahead with the major Ranger 3 Deeps project at its Northern Territory uranium mine, a move that will effectively end mining operations at the site, unless there’s a turnaround in the current weak market for the metal.
Read MoreERA Shares Collapse After Halting Mine Expansion
ERA shares plunged 48% this morning after it announced late on Thursday evening that it was abandoning its Ranger 3 Deeps expansion plan at its Northern Territory mine. The news is a rejection of the pro-nuclear power push from sections of the Abbott government (its mates in business among), the media (The News Corp papers, led by The Australian).
Read MoreERA Says More Uranium At Ranger 3
Rio Tinto (RIO) subsidiary ERA has further boosted reserves of uranium oxide at its Ranger 3 Deeps prospect in the Northern Territory.
Read MoreERA Dips Into Stockpiles To Keep Ticking Over
Uranium producer and Rio Tinto subsidiary, Energy Resources of Australia (ERA) remains in limbo while it awaits a board decision about the significant new expansion project called Ranger 3 Deeps.
Read MoreUpdates: ERA Shares Trashed On Loss, Grim 2011 Warning
Shares in the uranium miner ERA fell to a 16 year low yesterday in the wake of an earnings warning late Tuesday night and then gloomy comments from yesterday’s AGM.
Read MoreProfits: ERA Earnings Dry Up As Wet, Market Slashe Profits
The resources boom missed ERA Ltd in 2010, but geological fate and mother nature didn’t.
Read MoreUranium: ERA Shares Down As Output Estimate Cut
Energy Resources of Australia shares fell more than 4% yesterday after it reported a 36% slump in first-half uranium oxide production and warned the market to expect full-year output to be down by at least 18% on 2009.
Read MoreERA Sold Off On ‘Soft” Market Comments
Energy Resources of Australia Ltd (ERA) shares went right off the boil yesterday when it described market conditions as soft in its first quarter operations review.
Read MoreERA’s Earnings Surge
Uranium miner Energy Resources of Australia posted record earnings in 2009, thanks to higher world prices finally hitting the bottom line through higher-priced supply contracts.
Read MoreERA Reports Pleasing Profit
Energy Resources Australia today reported a positive annual profit results, with a 74.5% increase in net profit after tax.
Read MoreMarket Cheers ERA Report
The market really appreciated the fourth quarter production report from uranium miner Energy Resources of Australia yesterday.
Read MoreERA Up On Reserves News
While Energy Resources of Australia confirmed the damage done by the heavy rains last month at its Ranger mine in the Northern Territory in its first quarter production statement and at the AGM in Sydney yesterday, the real interest was tucked away in the addresses by chairman David Klinger and CEO, Chris Salisbury.
Read MoreRain Ruins ERA’s Boom
You’d think that mining and exporting commodities from the dry bits of Australia would be fairly easy, even in the tropics where it does rain from now and then, drought or no drought.
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