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Ranger raising

RIO Tinto has agreed to underwrite the entitlement offer proposed by subsidiary Energy Resources of Australia in a last minute bail-out for the cash-strapped uranium miner as it winds down processing at the Ranger mine to meet the January 2021 end of mining deadline.

Karma Barndon
Ranger is right next door to World-heritage listed Kakadu National Park

Ranger is right next door to World-heritage listed Kakadu National Park

ERA announced the offer of fully paid ordinary shares to raise $476 million to cover the clean-up bill at Ranger. The miner is nearing the end after 40 years of mining at Ranger, located next door to...

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