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ERA Narrows Loss to $50M Amid Ranger Rehab Delays and Rio Tinto Takeover Bid
9:16am on Friday 20th of February, 2026 AEDT
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Mining
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ERA Narrows Loss to $50M Amid Ranger Rehab Delays and Rio Tinto Takeover Bid
9:16am on Friday 20th of February, 2026 AEDT
Key Points
Net loss narrowed 80% to $50 million in 2025
Rehabilitation provision decreased to $2.3 billion despite cost uncertainties
Delays in capping Pit 3 raise risk of extended timelines and higher costs
Rio Tinto holds over 98% of shares, pursuing compulsory acquisition amid shareholder objections
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Energy Resources of Australia (ASX:ERA)
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