ERA struggles to pin down Ranger rehab costs

19th November 2021 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Uranium company Energy Resources of Australia (ERA) on Friday said it will appoint a global engineering company to assist in finalising cost and timing forecasts for the rehabilitation work of its Ranger project, in the Northern Territory.

ERA in October warned of ‘material’ cost and schedule overruns in the rehabilitation of the Ranger project, with the company on Friday telling shareholder that it was still not in a position to provide an estimate with an ‘acceptable degree of confidence’.

“Given the importance and complexity involved in the reforecast exercise, ERA is in the process of appointing a global engineering company to assist ERA to finalise its reforecast with an acceptable degree of confidence. This process is expected to continue into the first quarter of 2022,” the company said.

Production at the Ranger mine ceased, in accordance with the Ranger Authority, on January 8, concluding processing activity on the Ranger project area after 40 years of operation, during which time more than A$500-million of royalty payments have been made to governments and Indigenous interests.