Rio Tinto welcomes ERA board renewal
October 06 2022 - 1:19AM
Business Wire
Rio Tinto welcomes Energy Resources of Australia’s (ERA)
announcement today that it will renew its independent board
committee to introduce new perspectives to address the material
cost and schedule overruns on the critical Ranger rehabilitation
project in Australia’s Northern Territory.
Rio Tinto chief executive Australia Kellie Parker said “We thank
Peter Mansell, Paul Dowd and Shane Charles for their contribution
to ERA and wish them well for the future.
“We are committed to working with ERA to facilitate this board
renewal process and urgently develop a workable plan to fund the
increased rehabilitation costs.
“We restate our belief that the successful rehabilitation of the
Ranger Project Area, which is of critical importance to the Mirarr
People, Rio Tinto and ERA, can be achieved in a way that is
consistent with the Mirarr People’s wishes. This remains our utmost
priority and commitment.”
Rio Tinto has finalised work with ERA to amend an existing A$100
million credit facility to assist ERA with its management of
immediate liquidity issues.
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