https://www.engineeringnews.co.za

ERA fails to secure Ranger Authority extension

ERA fails to secure Ranger Authority extension

Photo by Bloombeg

16th October 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The end of mining at the Ranger uranium mine, in the Northern Territory, is in sight, after owner Energy Resources of Australia (ERA) failed to gain approval for an extension to the Ranger Authority.

The current Ranger Authority permitted mining and processing activities until January 2021 and allowed for access for rehabilitation activities until January 2026.

The Ranger mine had been fraught with difficulty, with operations suspended in December 2013, after a mixture of slurry moved outside the containment area, following the failure of a leach tank.

The mine was restarted in June 2014, after state and federal approvals were granted.

ERA in June abandoned plans for the Ranger 3 Deeps underground project, citing weak uranium prices. However, the miner had been hoping that an extension of the Ranger Authority would allow ERA to revisit the Ranger 3 Deeps project’s economics over time, when uranium prices recovered.

However, the company had been advised that the Mirarr Traditional Owners did not support an extension to the Ranger Authority.

ERA would undertake a review of its business in light of this decision, but would continue to process ore from existing stockpiles and undertake progressive rehabilitation activities at Ranger, while working with all the stakeholders to meet its obligations.

The uranium miner also warned of a possible impairment to the company’s bottom line as a result of the decision, but no firm numbers were given.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.909s - 140pq - 2rq
Subscribe Now