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    ERA Increases Uranium Output

    Investing News Network
    Jul. 11, 2012 11:56AM PST
    Energy Investing

    Mining Weekly reported Energy Resources of Australia (ASX:ERA) has reported a near-eight-fold increase in production in the three months to June, compared with the previous corresponding quarter last year.

    Mining Weekly reported Energy Resources of Australia (ASX:ERA) has reported a near-eight-fold increase in production in the three months to June, compared with the previous corresponding quarter last year.

    As quoted in the market news:

    The Rio Tinto subsidiary produced 632 t of uranium in the second quarter, which was also 3% higher than than preceding quarter.

    Production in the 2011 June quarter had been affected by the suspension of processing operations between January 28 and June 15, as a result of extreme rainfall at its Ranger operation, in the Northern Territory, the miner noted.

    Click here to read the full Mining Weekly report.

    australiaasx:era
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