By Rhiannon Hoyle
SYDNEY--Energy Resources of Australia Ltd. (ERA.AU) said its
output of uranium oxide dropped 20% in the second quarter, citing a
planned shutdown of its processing mill for maintenance.
The company, controlled by Rio Tinto PLC (RIO), said it produced
390 metric tons of uranium oxide from its stockpiles in the three
months through June, compared with 489 million tons the quarter
immediately prior.
ERA stopped mining uranium at its Ranger deposit in Australia's
Northern Territory in late 2012 after its ore was depleted, and has
since been processing stockpiled ore.
Last month, ERA announced it would shelve its next proposed
development, the Ranger 3 Deeps project, amid a prolonged downturn
in the global uranium market.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
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