Energy Resources of Australia

Energy Resources of Australia Ltd (ERA ) is an Australian public company listed on the Australian Stock Exchange ( ASX: ERA ) is listed. The Rio Tinto Group holds 68.4 % stake in the company shares, the free float is publicly traded. Energy Resources Australia builds from the Ranger uranium mine in the Northern Territory uranium, is the largest uranium producer in Australia and one of the largest in the world.

History

The uranium deposit of the Ranger uranium mine was discovered in 1969. 1974 there was a joint venture of Peko Wallsend Operations Ltd. ( Peko ), Electrolytic Zinc Company of Australia Limited, the discoverers of the uranium deposits, and the federal Australian Atomic Energy Commission ( AAEC ). In 1975, the Australian Federal Government half of the uranium ore body and Ranger Uranium Environmental Inquiry was published in 1978 ( Fox Report)., Which also concerns about the degradation were formulated. In 1978 there was an agreement between the Australian Federal Government and the Northern Council concerning the mining and the Ranger Uranium Mines Pty Ltd was project leader. In August 1979, the Australian Federal Government sold its stake and the Energy Resources Australia acquired 25 % stake. For exploitation of the deposit, the company Energy Resources of Australia Ltd was founded in 1980 as a company in the form of a corporation, the state AAEC sold its stake for A $ 125 million. ERA built the first uranium oxide in the Ranger uranium mine on August 13 in 1981 and Ranger Uranium Mines Pty Ltd was a subsidiary of ERA.

1981 acquired the ERA Jabiluka uranium ore body of the Pancontinental Mining for AUD 125 million USD, which is around 20 km from the Ranger uranium mine. Although there were deposit explorations of the Jabiluka uranium deposit carried out, but a uranium mining was not performed since the Aborigines of Mirarr conducted violent worldwide acclaim protests, did not give consent for the mining and the Australian Labor Party after its election victory in 1983, a three - mines policy on uranium mines, which introduced not aware of Jabiluka.

In the years 1987 to 1988 ERA was interested in taking over the North Broken Hill Holdings Ltd, which was intertwined with the Peco and acquired 66 % stake in North Broken Hill Holding, which was acquired in 2000 by the Rio Tinto Group. In 1998, the largest uranium promotional companies in the world, the Canadian Cameco received, uranium ore from the rank Ermine, spending possibly 6.69% ERA- stock shares from the Cogema and bought 7.76% shares from other shareholders.

In the late 2005 year, there was a reorganization of the shares of ERA, the ( JAURD ), Cameco and Cogema were kept in a holding company of the Japan Australia Uranium Resources Development and lost the status of a non-listed company on the stock exchange. The three companies sold their shares and 31.61 % thus came tradable shares on the stock exchange.

Current

2009 were reduced by the company 100,000 tons of uranium in the Ranger uranium mine and so had this uranium mine, the second largest mining volume in the world after the Arthur River project by Cameco. These were 9% of the total world uranium production and ERA ranked number 5 in the world's largest uranium producers. The uranium was delivered directly to nuclear power plants in Asia, Europe and North America. The occurrence was exhausted by current calculations, with the current volume reduction in 25 years.

Chairman of the Board in 2011 is David Klingner and Chief Executive Officer R. Atkinson.