Rio Tinto's uranium mine to restart

Federal govt approves Energy Resources Australia to reopen Kakadu mine after spill.

The operator of a massive uranium mine in Kakadu National Park has got the green light to begin getting the mine running again after a toxic spill.

Energy Resources Australia, a Rio Tinto-owned company, has received approval from federal Industry Minister Ian Macfarlane to commence its restart plan at the Ranger mine.

ERA still needs approval from the Northern Territory government to resume operations, and is in talks with the Department of Mines and Energy.

The collapse of a leach tank at the mine last December resulted in the leak of about one million litres of radioactive and acidic slurry.

ERA has said no environmental damage was caused, but processing operations have been suspended ever since.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles