Energy Resources of Australia Limited
(ASX:ERA) has commenced construction works at its Ranger 3 mine in the Northern Territory.
The uranium producer expects to invest about $120 million to conduct close spaced underground exploration.
ERA’s chief says the start of construction marks an exciting transition for the company.
Rio Tinto
(ASX:RIO) owns 68.4 per cent of ERA shares.
In the 2011 financial year, Energy Resources of Australia reported a net loss $153.6 million
