Rio rides to Era’s rescue

May 2, 2016

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Uranium miner Energy Resources of Australia (Era) has signed a A$100-million credit facility with parent company Rio Tinto to allow for the rehabilitation of the Ranger project area, in the Northern Territory.

The ASX-listed Era told shareholders that at the end of December last year, the company had A$433-million in total cash resources and rehabilitation provisions of A$509-million.

Category: General