Energy Resources Australia Ltd. (ERA.AU) said Wednesday that it produced 5240 metric tons of uranium oxide in 2009, down 2% on year, after producing 1140 tons in the three months to Dec. 31.

In a statement the group, which is around 68.4%-owned by Rio Tinto Ltd.(RTP), said December quarter production was 19% lower than the three months to Sept. 30, and 30% lower than the December quarter of 2008.

It said total uranium oxide sales for 2009 rose to 5497 tons, up from 5272 tons a year earlier, which marked the third-highest result on record. The average realized sale price for its uranium oxide for 2009 was US$50.84 per pound, up 56% on the previous year.

-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; lyndal.mcfarland@dowjones.com
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