Mining company ERA wants to extend its lease on Jabiluka — one of the world's largest uranium deposits — but Mirarr traditional owners are fiercely opposed to the plan.
Mining company ERA has applied to extend its lease on the Jabiluka uranium deposit for another 10 years.ERA's lease application will be assessed by the NT government and the company needs to spend at least $2.4 billion to rehabilitate the former Ranger uranium mine.
Since 1991, the company has also had a the lease on the nearby Jabiluka site — which is one of the world's largest and richest uranium deposits. "ERA has protected the cultural heritage at Jabiluka for almost two decades under a long-term agreement with the Mirarr traditional owners that also includes a veto right over any future development.ERA has valued the Jabiluka mineral lease at $90 million.Mirarr traditional owners rejected ERA's claims that it was in their best interests for the Jabiluka lease to be extended.
"ERA says it wants to protect our cultural heritage at Jabiluka. The best way of doing that is to include it in the World Heritage listed Kakadu National Park where it belongs."Last week, ERA reported a net loss after tax of $1.38 billion in 2023, which included an increase to its rehabilitation provision for Ranger.
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