A Rio Tinto-controlled group has flagged the clean-up of the Ranger uranium mine, in the environmentally and culturally sensitive Kakadu National Park in the Northern Territory, will blow out beyond $2.2 billion.
ERA is no longer generating revenue as it rehabilitates its Ranger uranium mine, about 20 kilometres south of Jabiluka in the Northern Territory. The last uranium was sold from the site last yearof mining. ERA holds the licence for the famous Jabiluka uranium deposit, also in Kakadu. ASX-listed ERA was legally bound to complete rehabilitation of Ranger to a level commensurate with the surrounding Kakadu National Park by 2026. However, the federal government agreed to tweak the legislation in November to allow rehabilitation work to push beyond 2026.“The company is unable to confirm the estimated complete project schedule and total rehabilitation costs at this time,” the company said in an ASX filing.
The debate over mining at Jabiluka rose to prominence in 1998 when Midnight Oil singer Peter Garrett joined the Mirarr people in an eight-month blockade that ultimately prevented extraction of the high-grade uranium.
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