Energy Resources Australia Narrows 2012 Output Guidance
10 Aprile 2012 - 2:32AM
Dow Jones News
Energy Resources of Australia Ltd. (ERA.AU) on Tuesday slightly
upgraded its annual production guidance after it commenced mining
at its Ranger pit earlier than expected following heavy rains.
The uranium miner, controlled by Rio Tinto Ltd. (RIO.AU), said
it expects to produce between 3,200 and 3,700 metric tons of
uranium oxide in 2012, tightening previous guidance of between
3,000 and 3,700 tons.
In the three months to March 31 it produced 612 tons, up from
518 tons in the previous corresponding period when operations were
also hampered by rainfall.
"Whilst there was significantly above average rainfall at the
Ranger mine during the March 2011 quarter, mining operations were
able to continue in the upper benches of the pit," the company
said.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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