ERA 2.70% 3.6¢ energy resources of australia limited

storm clouds gathering over ranger

  1. 2,717 Posts.
    "the NT Environment Department has ruled that any further expansion at Ranger, including mining satellite deposits, heap leaching, more stockpiles, and further exapnsion of the Pit 3 footprint, etc, will require a full public EIS process $ this will surely hold them up for a coupla years"

    Unfortunately ERA has now lost a lot of its attraction for me.
    The timely expansion of pit 3 & then underground into the "deeps" resource coupled with a 4 fold increase in contact prices was a major woody, but having to do a new EIS before it can happen has really "cold spooned" it for me.
    Plus the incredible rise in cost of sulphuric acid is the camel that has broken my straw back!!
 
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