The cost of rehabilitating a decommissioned uranium mine in Kakadu national park could blow out by $1.2bn, in what is becoming the single largest repair exercise in the history of Australian mining.
Former uranium miner Energy Resources of Australia shut down the mine last January and since then has been racing against the clock to complete the work before the 2026 deadline.
ERA severely underestimated the cost of rehabilitation, initially putting a $973m price tag on the project.
But on Wednesday the company announced it would cost between $1.6bn and $2.2bn to repair the mine site.Mirarr senior traditional owner Yvonne Margarula welcomed greater certainty of the true cost of Ranger’s clean-up.“Ranger has operated on our country for over 40 years. I have been waiting for this nearly all my life,” Margarula said.“ERA and Rio Tinto promise me that everything will be cleaned up properly, but I am worried that the government has […]
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