Energy Resources Australia 3Q Uranium Output Up 4% On Year
14 October 2009 - 10:27AM
Dow Jones News
Energy Resources of Australia Ltd. (ERA.AU) said Wednesday its
third quarter uranium production rose 4% on year to 1,405 metric
tons.
The production was 5% lower than in the second quarter due to
interruptions to operations to allow extra monitoring of an area of
known instability in the southern wall of the pit of the company's
Ranger mine in Australia's Northern Territory.
The Rio Tinto Ltd. (RTP) subsidiary said precautionary work to
stabilize the area should be completed by the end of the year and
was not expected to impact full year output.
Uranium production for the first three quarters of the year was
4,100 tons, up 11% on 2008.
-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094;
alex.wilson@dowjones.com
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