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ERA Advances Ranger Rehabilitation Amid Rio Tinto Takeover Uncertainty and Seasonal Delays

12:42pm on Friday 24th of April, 2026 AEST Mining
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ERA Advances Ranger Rehabilitation Amid Rio Tinto Takeover Uncertainty and Seasonal Delays

12:42pm on Friday 24th of April, 2026 AEST
Key Points
  • Rio Tinto holds over 98% of ERA shares; court approval pending for compulsory acquisition
  • March quarter rehabilitation expenditure totals $47 million; no mining or production costs
  • Pit 3 capping design review ongoing; construction trials delayed by seasonal road closures
  • Higher than forecast wet season rainfall impacts water balance assessments
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