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    ERA   AU000000ERA9

ENERGY RESOURCES OF AUSTRALIA LTD

(ERA)
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Energy Resources of Australia : ERA releases 2020 Sustainability Report

04/27/2021 | 11:12am EDT

Energy Resources of Australia Ltd (ERA) has today released its Sustainability Report for the year ended 31 December 2020.

The Sustainability Report summarises ERA's performance in regard to key safety, environmental, community engagement and workforce diversity objectives.

ERA's Chief Executive Paul Arnold said: 'This Sustainability Report reflects the continued commitment of ERA to care for people and country. ERA has a strong record of protecting the environment surrounding the mine and following our transition from processing operations to full-time rehabilitation, our strategic objective is to restore the Ranger Project Area to meet the expectations of Traditional Owners and to satisfy our regulatory obligations in full.'

'I am proud to acknowledge the dedication and unrelenting focus of our team as we worked through the COVID-19 pandemic to protect our people and the local community as our first priority.

'I would also like to thank the entire ERA team for their continued commitment as we now pivot to focus on the critical work of full-time rehabilitation activities at Ranger,' Mr Arnold said.

Mr Arnold also expressed the Company's appreciation for the support and engagement received from the Mirarr, Traditional Owners of the land on which the Ranger mine is located.

Some of ERA's key achievements highlighted in the 2020 Sustainability Report include: Successful completion of its $476 million entitlement offer to fully fund the comprehensive rehabilitation of the Ranger Project Area

$80 million spent on rehabilitation activities throughout 2020

Planted 1248 native plants and commenced planting the final landform

Backfill of Pit 1 completed ahead of schedule in August 2020

Completed 65,000 COVID pre-screening and temperature checks during the year

Actively donated sanitisers and cleaning products throughout Jabiru and West Arnhem during the COVD-19 pandemic to help protect local communities

About Energy Resources of Australia Ltd

Energy Resources of Australia Ltd (ERA) is one of nation's largest uranium oxide producers and operated the Ranger mine, Australia's longest continually operating uranium mine.

The operations of ERA are located on Aboriginal land and surrounded by, but separate from, Kakadu National Park. ERA respectfully acknowledges the Mirarr, Traditional Custodians of the land on which the Ranger mine is situated.

Together, ERA provides clean energy to the world and cares for people and country.

ERA has an excellent track record of reliably supplying customers. Uranium has been mined at Ranger for almost forty years. During that time, Ranger has produced in excess of 132,000 tonnes of uranium oxide.

ERA's Ranger mine (100%) is located eight kilometres east of Jabiru and 260 kilometres east of Darwin, in Australia's Northern Territory. ERA also holds title to the Jabiluka Mineral Lease (100%). ERA is a major employer in the Northern Territory and the Alligator Rivers Region.

Contact:

Alan Tietzel

Tel: +61 (0) 8 8924 3571

Email: Alan.Tietzel@era.riotinto.com

Web: www.energyres.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 255 M 187 M 187 M
Net income 2020 11,5 M 8,41 M 8,41 M
Net cash 2020 203 M 149 M 149 M
P/E ratio 2020 92,3x
Yield 2020 -
Capitalization 997 M 732 M 732 M
EV / Sales 2019 -0,50x
EV / Sales 2020 3,98x
Nbr of Employees 317
Free-Float 13,4%
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Managers and Directors
Paul Arnold Chief Executive Officer, MD & Director
Richard Prest Chief Financial Officer
Peter John Mansell Chairman
Shane Charles Independent Non-Executive Director
Paul John Dowd Independent Non-Executive Director
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