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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
08/29/201600:30:00Stocks in Asia Fall After Comments From Fed
08/19/201600:10:00Asian Shares Down, Though Higher Oil Prices Lift Energy Stocks
08/12/201603:43:00Rio Tinto Iron-Ore Chief Attacks Australian Lawmaker's Proposed...
08/11/201601:20:00Newmont Sees Dividends Rising, Provided Gold Prices Cooperate
08/11/201600:00:00Asian Shares Slide on Slumping Oil Prices
08/03/201605:10:00Rio Tinto Cuts Dividend as Weak Prices Take Toll
08/03/201602:56:00Rio Tinto 1st Half Net Profit More Than Doubles
08/02/201607:37:00Rio Tinto OKs $338 Million to Complete Silvergrass Iron Ore Mine...
08/01/201603:41:00Australia Stocks End Higher, Led by Commodity Shares
07/27/201603:32:00Australia Stocks Close Near Flat After Mixed Inflation Data
07/20/201603:05:00Business Watch -- WSJ
07/19/201619:00:00ADRs End Lower; Ericsson Falls
07/18/201619:28:00Rio Tinto's Quarterly Iron Ore Shipments Rise
07/14/201603:48:00Australia Stocks Rise for Sixth Straight Day, Near 2016 High
06/29/201622:19:00Rio Tinto Walks Away From Closed Bougainville Copper Mine
06/29/201603:01:00Savannah Resources, Rio Tinto Extend Joint Venture Deadline
06/22/201620:12:00Australia's Fortescue Deepens Debt Repayments -- Update
06/21/201618:39:00ADRs End Higher; UBS Rises
06/21/201604:50:00Rio Tinto Restructures Management Team
06/21/201603:58:00Rio Tinto Restructures Management Team, Iron Ore Chief to Leave

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