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Energy Resources Australia Approves Ranger Expansion Study

By Ross Kelly SYDNEY--Energy Resources of Australia Ltd. (ERA.AU) said Thursday it has approved a $57 million pre-feasibility study on the potential for a new underground mine at its Ranger project in Australia's Northern Territory. The study will run until 2014 and a final investment decision on a new mine is expected to be made late that year, the uranium miner said in a statement. The current Ranger pit has almost run out of ore. The study will involve drilling an exploration decline through the untapped Ranger 3 Deeps deposit to assess its commercial viability. Construction of the decline commenced May 1. It involves creating a tunnel through the resource to facilitate closely-spaced exploration drilling. -By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

Stock News for Companhia Vale (RIO)
DateTimeHeadline
03/27/201705:20:00Savannah Reports Maiden Resource Estimate for Ravene Deposit
03/10/201705:00:00Indonesian Ministry of Energy and Mineral Resources strongly...
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03/09/201703:07:00Rio Tinto Chairman Jan du Plessis to Step Down
03/09/201703:00:00BT Appoints Rio Tinto's Jan du Plessis as Its Next Chairman
03/08/201719:26:00Rio Tinto Chairman to Stand Down - Report
02/24/201702:04:00Australia Stocks Led Lower by Miners
02/22/201703:02:00Commodities Report: Mining Back to Unearthing Profit -- WSJ
02/21/201716:26:00Mining Companies Soar Back to Profit--3rd Update
02/21/201712:29:00Mining Companies Soar Back to Profit--2nd Update
02/21/201703:02:00Copper's Shine Returns Mining Firms Ride Copper Copper Pays Off...
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02/09/201710:52:00Workers at BHP Billiton Copper Mine In Chile Go On Strike...
02/08/201705:16:00Rio Tinto Rewards Investors After Return to Profit
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02/07/201700:34:00Rio Tinto Gifts Bunder Diamond Project to Government of Madhya...
02/04/201718:15:00Rio Tinto, Other Miners Get Pickup From Prices
02/04/201707:29:00Rio Tinto, Other Miners Get Pickup From Prices

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