ERA warns of impairment on Ranger 3 Deeps delay

Uranium miner Energy Resources of Australia (ERA) on Wednesday warned shareholders of a A$190-million to A$200-million impairment charge following the deferral of the Ranger 3 Deeps underground project. In June, ERA reported that a feasibility study on the Ranger 3 Deeps underground mine, in the Northern Territory, would not proceed, owing to the economic challenges faced by the resources industry and uncertain market conditions.