Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.89
    -0.47 (-0.56%)
     
  • GOLD FUTURES

    2,337.40
    -4.70 (-0.20%)
     
  • DOW

    38,368.12
    -135.57 (-0.35%)
     
  • Bitcoin GBP

    52,029.90
    -1,611.70 (-3.00%)
     
  • CMC Crypto 200

    1,396.50
    -27.60 (-1.94%)
     
  • NASDAQ Composite

    15,659.74
    -36.90 (-0.24%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Energy Resources of Australia sinks to all-time low

** Shares (Berlin: DI6.BE - news) of uranium producer Energy Resources of Australia (Other OTC: EGRAF - news) Ltd sink 48.3 pct to an all-time low

** Says Ranger 3 Deeps project will not proceed to Final Feasibility Study citing "current operating environment"

** Says uranium market has not improved as expected and there is uncertainty in the immediate future

** Energy Resources says it has engaged with major shareholder, Rio Tinto Ltd, regarding funding support for rehabilitation

** Rio Tinto (LSE: RIO.L - news) says does not support any further study or future development of Ranger 3 Deeps

** Rio Tinto says assessing potential non-cash impairment charge of about $300 mln relating to shareholding in company

ADVERTISEMENT

** Rio Tinto fell as much as 1.3 pct after the announcement of potential impairment

** About 1.7 mln shares of Energy Resources change hands in early trading on Friday, compared with a 30-day average of 199,379 (Reuters Messaging: shashank.ks.thomsonreuters.com@reuters.net)