Energy Resources of Australia Ltd (ASX: ERA) is a public company based in Australia. It is a subsidiary of the Rio Tinto Group which as of 2021 owns 86.3% of the company. The remainder is publicly held and traded on the Australian Securities Exchange. The chairman is Peter McMahon and Chief Executive is Andrea Sutton. ERA is one of the largest uranium producers in the world, through the Ranger Uranium Mine in the Northern Territory. Ranger mine is located near Jabiru, 260 km from Darwin in the Northern Territory. ERA sells its product to electric utilities in Asia, Europe and North America through an arrangement with Rio Tinto Uranium, which provides expertise in global uranium sales and marketing activities. Australia exports of uranium oxide are subject to strict safeguards and non-proliferation conditions to ensure that Australian uranium is only used for peaceful purposes. More information...
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