Resource Stocks Down Under 8 October 2020: Energy Resources of Australia, Talga Resources, Rumble Resources
Resource Stocks Down Under Edition #3
Energy Resources of Australia: Rio Tinto makes a play as uranium hopes fadeToday in Resource Stocks Down Under, the Rio Tinto uranium subsidiary Energy Resources of Australia is set to close operations at its Ranger Uranium Mine, 260 km east of Darwin early next year. The company’s share price rose slightly to 18 cents after a closure agreement was eventually finalised, but has since fallen back to 15 cents. As uranium hopes fade in the region (and for the companies involved), Energy Resources is simply committed to the full rehabilitation of the Ranger site over the next five years, and nothing more.
Also in today's edition of Resource Stocks Down Under, a look at graphite producer Talga Resources and diversified miner Rumble Resources.
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Click here to read the previous edition of Resource Stocks Down Under published 1 October 2020