NEWS

ERA to boost uranium production at Kakadu

Tuesday, 17 March, 2009

by Matt Chambers
The Australian Business

RIO Tinto subsidiary Energy Resources of Australia plans to boost annual uranium production by more than a third by heap-leaching low-grade ore at the country's biggest uranium mine.

ERA submitted referral documents yesterday to the federal Environment Department for a project that would leach 1875 to 2000 tonnes of uranium from stockpiles and unmined ore at the Ranger uranium mine in Kakadu from 2012.

A spokeswoman for ERA said the production would be in addition to the mine's current rate, which is about 5200 tonnes a year.

According to ERA, the ranger mine currently provides 11 per cent of the world's uranium needs.

The heap-leach process, which involves treating five-metre high piles of mined ore with sulphuric acid, is also planned for Rio's Rossing uranium mine in Namibia.

ERA said it hoped to produce 10 million tonnes of ore a year to leach out 15,000 to 20,000 tonnes of uranium between 2012 and 2020.

The miner plans to finish the heap-leach pre-feasibility study this half.

ERA shares rose 52c to $20 yesterday.


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