Authorities Order Suspension of ERA's Uranium Mine After Spill
10 December 2013 - 10:41AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Energy Resources of Australia Ltd. (ERA.AU) said
government officials had ordered it to shut its flagship Ranger
uranium mine in Australia's Northern Territory indefinitely,
following a spill of radioactive spill on Saturday.
The company, majority owned by Rio Tinto PLC (RIO), shuttered
the Ranger mine after reporting a leak from a leach tank containing
radioactive slurry. The news sent shares in the company down 13%
Monday.
Darwin-based ERA said the suspension will remain in place until
it can demonstrate to the government that its operations there
don't pose a risk to people or the local environment.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
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