Uranium Output Has Increased By 40% In Australia

10 Jan 2013

Energy Resources of Australia Ltd. (ERA.AU) reported that uranium output increased 40% in 2012 after the company concentrated on its higher-grade ore at its Ranger mine in Northern Australia.

There was production of 3,710 metric tons. The company majorly owned Rio Tinto PLC had forecasted output between 3,500 and 3,700 tons. Uranium is a major fuel used in generating nuclear power.

Australia is looking for alternate energy resources to meet the demand of industries. Energy industries are flourishing in the country and are recruiting more staff to handle the growing demands.

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