Federal government approves ERA request to drawn down $56.8 million from Ranger uranium mine security bond

The cash-strapped mining company responsible for rehabilitating the uranium mine site in Kakadu National Park has been granted access to almost $60 million from its security bond held by the federal government.

Energy Resources of Australia (ERA) is struggling to cover the costs of the clean up of Ranger Uranium Mine, which closed early last year after more than 40 years in operation.