Energy Resources Of Australia Upgrades Fiscal Year Output Guidance
13 July 2011 - 10:34AM
Dow Jones News
Energy Resources Of Australia Ltd. (ERA.AU) on Wednesday
upgraded its annual production guidance after progressively
restarting its processing operations following heavy rains.
The uranium miner said it expects to produce 2,600 metric tons
of uranium oxide in 2011, up from previous guidance of 2,400
tons.
It only produced 83 tons in the second quarter, down 90% on the
previous year, bringing first half production to 601 tons, down
65%.
The company, which is 68%-owned by Rio Tinto Ltd. (RIO.AU), was
in January forced to suspend production at its Ranger mine in
Australia's Northern Territory following a much worse than average
wet season.
It began restarting operations on June 14.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
ross.kelly@dowjones.com
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