ERA energy resources of australia limited

News: ERA Energy Resources expects $1.5 bln provision for uranium mine rehab costs

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    Dec 12 (Reuters) - Energy Resources of Australia (ERA) , Rio Tinto's (RIO) majority-owned uranium unit, said on Tuesday it expects to record a provision of about A$2.3 billion ($1.51 billion) related to the rehabilitation of its Ranger uranium oxide mine.

    The provision is up from its prior expectation of A$1.5 billion.

    ($1 = 1.5235 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))

 
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