ERA: Applications For Ranger Mine Expansion Progressing
April 21 2009 - 8:36PM
Dow Jones News
Energy Resources of Australia Ltd. (ERA.AU) Wednesday said that
two applications to expand production at its Ranger uranium mine in
the Northern Territory are progressing after applications were
recently submitted to government.
ERA said one application involves a proposal to build a leaching
facility to treat low grade ore. Chief Executive Officer Rob
Atkinson said the proposal needs federal and Northern Territory
approval.
"We expect that preparation of Environmental Impact Assessment
documentation and the associated public consultation process will
take 12 to 18 months," he told shareholders at the company's annual
general meeting.
The other project involves developing an exploration decline to
further examine Ranger deposits. Atkinson said ERA expects that a
detailed Environmental Impact Statement won't be required for that
development.
ERA's chairman, David Klingner, told the meeting that the
outlook for uranium is strong, with supply constrained and demand
projected to rise.
"There are over 100 new reactors that are now under
construction, on order, or planned around the world," he said.
By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957;
ross.kelly@dowjones.com
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