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ERA Cuts Losses to $35M, Advances Ranger Rehab Amid Rio Tinto Takeover Bid

9:22am on Thursday 31st of July, 2025 AEST Mining
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ERA Cuts Losses to $35M, Advances Ranger Rehab Amid Rio Tinto Takeover Bid

9:22am on Thursday 31st of July, 2025 AEST
Key Points
  • Half-year net loss reduced to $35 million from $146 million
  • Rehabilitation costs rose to $106 million, focusing on Pit 3 dry capping
  • Cash, term deposits, and government securities total $1.24 billion
  • Rio Tinto owns over 98% of shares, pursuing compulsory acquisition
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