Uranium Output Will Recover in 2012 Says Rio Tinto

Reuters reported Rio Tinto’s Energy Resources of Australia (ASX:RIO) says uranium output in 2012 will improve to at 3,000 tonnes.

As quoted in the market news:

ERA’s shares, which have tumbled 78 percent over the past year due to the company’s production problems and wider concerns afflicting uranium stocks post Japan’s Fukushima nuclear disaster last March, were down 7 percent by early afternoon.

Click here to read the full Reuters report.