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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
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02/08/201705:16:00Rio Tinto Rewards Investors After Return to Profit
02/08/201701:42:00Rio Tinto Returns to Profit, Plans Share Buyback
02/07/201720:28:00Workers at World's Biggest Copper Mine Prepare for Strike
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
02/01/201704:28:00Savannah Resources: Ravene Drill Program Completed at Mutamba
01/24/201717:52:00ADRs End Mostly Higher; BT Trades Actively
01/24/201710:25:00Rio Tinto Unloads Most of Its Coal Assets in $2.4 Billion Deal...
01/24/201704:49:00Rio Tinto to Sell Coal & Allied
01/16/201717:27:00Rio Tinto Annual Iron Ore Shipments Rise
01/09/201714:01:00The Law Offices of Howard G. Smith Announces the Filing of a...
01/05/201719:37:00SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors...
12/28/201622:00:00INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have...
12/23/201616:33:00RIO LOSS NOTICE: Rosen Law Firm Reminds Rio Tinto plc Investors...
12/23/201609:50:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...
12/20/201603:02:00Israel Arrests Diamond Magnate -- WSJ

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