 (ERA) lease for the Jabiluka uranium mine in the Northern Territory will not be renewed, based on advice from the Federal Government.){kind=link}
No more mining at Jabiluka
Energy Resources of Australia’s (ASX: ERA) (ERA) lease for the Jabiluka uranium mine in the Northern Territory will not be renewed, based on advice from the Federal Government.
ERA applied for a 10-year renewal for the mine, which it previously held for 42 years.
A planned Reserved Land area prevents future mineral titles over Jabiluka, according to a May announcement from the Northern Territory Government.
The Reserved Land area will come into effect when ERA’s current lease expires on August 11.
Northern Territory Mining Minister Mark Monaghan comments on the decision.
“We have gone through a thorough process to ensure that all stakeholder views have been considered in this decision,” he said.
“The Federal Government advice, along with the wishes of the Mirarr people, were critical to this process and outcome.”