Rio Tinto to manage the Ranger Rehabilitation Project for ERA
April 02 2024 - 7:07PM
Business Wire
Rio Tinto will manage the Ranger Rehabilitation Project in
Australia’s Northern Territory on behalf of Energy Resources of
Australia Ltd (ERA), under a new Management Services Agreement
(MSA) signed today.
The MSA will build on ERA’s existing rehabilitation work with
Rio Tinto’s technical expertise in designing, scoping and executing
closure projects. Transition to Rio Tinto management of the project
will start immediately and is expected to take about three
months.
The agreement follows an approach to Rio Tinto from ERA’s
Independent Board Committee (IBC) to submit a proposal to provide
services and advice to progress the project. Rio Tinto owns 86.3%
of ERA’s shares.
Under the MSA, Rio Tinto and ERA aim to complete the Ranger
Rehabilitation Project in the safest and most efficient way, and to
a standard that will establish an environment similar to the
adjacent Kakadu National Park and that is consistent with the
wishes of the Traditional Owners of the land, the Mirarr
people.
Rio Tinto Chief Executive, Australia, Kellie Parker said “With
the signing of this agreement, we are pleased to be able to
directly provide more closure and project delivery experience and
know-how to this critical task.
“So far, ERA has made progress in key areas, including water,
tailings treatment and management and pit rehabilitation.
“We are aligned with ERA in wanting to build on this work using
Rio Tinto’s expertise in closure projects and our commitment to
strong stakeholder relationships.
“We look forward to working in partnership with the Mirarr
Traditional Owners and other stakeholders to complete the
project.
ERA CEO Brad Welsh said “The ERA team has worked incredibly hard
and made good progress rehabilitating Ranger.
“However, as the project moves into a new phase it will benefit
from Rio Tinto’s global expertise in mine closure.
“We look forward to working with and supporting Rio Tinto on the
safe and efficient delivery of this important project."
Rio Tinto plans to build on the expertise and relationships
existing within the ERA team to finalise required studies and
execute the necessary rehabilitation activities.
Management of ERA matters outside the Ranger Rehabilitation
Project, including corporate matters, financial affairs, assets and
governance will remain the responsibility of ERA.
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