Energy Resources Of Australia 4Q Uranium Output Up 5% On Year
14 January 2009 - 10:11AM
Dow Jones News
Energy Resources of Australia Ltd. (ERA.AU) said Wednesday its
uranium production for the fourth quarter rose 5% on year to 1,634
metric tons.
The Darwin-based miner said production from its Ranger mine in
Australia's Northern Territory for 2008 was 5,339 tons, roughly in
line with company guidance and down 1% on 2007.
The miner said its average realized price for 2008 was US$32.53
per pound, up from US$25.06 per pound in 2007 but still below the
spot price, which it said was US$52.50 a pound at the end of
December.
ERA, a Rio Tinto Ltd. (RTP), subsidiary, sells the bulk of its
uranium into long term contracts, meaning its realized price is
well below spot prices due to legacy contracts signed when prices
were lower.
-By Alex Wilson, Dow Jones Newswires; 61-3-9671-4313;
alex.wilson@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front
page of today's most important business and market news, analysis
and commentary. You can use this link on the day this article is
published and the following day.
Energy Resources Of Aust... (ASX:ERA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Energy Resources Of Aust... (ASX:ERA)
Historical Stock Chart
From Jul 2023 to Jul 2024
