Energy Resources of Australia Accepts Defeat on Ranger Uranium Mine Extension

Mining Australia reported that Energy Resources of Australia (ASX:ERA) has decided to accept defeat on plan to extend Ranger uranium mine beyond 2021.
As quoted in the market news:

A statement from ERA this afternoon revealed the Mirrar Traditional Owners and Gundjeihmi Aboriginal Corporation do not support an extension to the authority to mine at Ranger, in Kakadu National Park.
A statement from ERA said the company respected the views of the Traditional Owners, and would undertake a business review in light of their decision.
“In light of this development, ERA has commenced a process of assessing whether the company’s assets may be impaired,” the company said.
The news was welcomed by Environment Centre NT, where Nuclear Free campaigner Lauren Mellor said it was time for “the era of rehabilitation and a staged and managed exit from Kakadu to begin”.
“ERA must now accept full financial responsibility for the costly and complex task of rehabilitation, accept Rio’s funding offer and cooperate with all stakeholders in the transition to a post-mining phase of operations,” Mellor said.

Click here to read the full Mining Australia report.