PROJECT FINANCE

ERA seeking extra $369M for Ranger rehab

AFTER months of uncertainty, the Rio Tinto-controlled Energy Resources of Australia has landed on a funding solution to fund the full clean-up costs of the former Ranger uranium mine in the Northern Territory for at another year.

 Rehabilitation is proving complex and costly

Rehabilitation is proving complex and costly

ERA was plunged into turmoil almost six months ago when Rio, as 86% shareholder, baulked at plans to raise capital to meet the rehabilitation budget shortfall that requires the site be returned to the...

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