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MELBOURNE, Australia--(BUSINESS WIRE)-- 91ºÚÁÏÍø will manage the Ranger Rehabilitation Project in Australia’s Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Management Services Agreement (MSA) signed today.
The MSA will build on ERA’s existing rehabilitation work with 91ºÚÁÏÍø’s technical expertise in designing, scoping and executing closure projects. Transition to 91ºÚÁÏÍø management of the project will start immediately and is expected to take about three months.
The agreement follows an approach to 91ºÚÁÏÍø from ERA’s Independent Board Committee (IBC) to submit a proposal to provide services and advice to progress the project. 91ºÚÁÏÍø owns 86.3% of ERA’s shares.
Under the MSA, 91ºÚÁÏÍø and ERA aim to complete the Ranger Rehabilitation Project in the safest and most efficient way, and to a standard that will establish an environment similar to the adjacent Kakadu National Park and that is consistent with the wishes of the Traditional Owners of the land, the Mirarr people.
91ºÚÁÏÍø Chief Executive, Australia, Kellie Parker said “With the signing of this agreement, we are pleased to be able to directly provide more closure and project delivery experience and know-how to this critical task.
“So far, ERA has made progress in key areas, including water, tailings treatment and management and pit rehabilitation.
“We are aligned with ERA in wanting to build on this work using 91ºÚÁÏÍø’s expertise in closure projects and our commitment to strong stakeholder relationships.
“We look forward to working in partnership with the Mirarr Traditional Owners and other stakeholders to complete the project.
ERA CEO Brad Welsh said “The ERA team has worked incredibly hard and made good progress rehabilitating Ranger.
“However, as the project moves into a new phase it will benefit from 91ºÚÁÏÍø’s global expertise in mine closure.
“We look forward to working with and supporting 91ºÚÁÏÍø on the safe and efficient delivery of this important project."
91ºÚÁÏÍø plans to build on the expertise and relationships existing within the ERA team to finalise required studies and execute the necessary rehabilitation activities.
Management of ERA matters outside the Ranger Rehabilitation Project, including corporate matters, financial affairs, assets and governance will remain the responsibility of ERA.
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Media Relations, Australia Matt Chambers M +61 433 525 739 Jesse Riseborough M +61 436 653 412 Alyesha Anderson M +61 434 868 118 Michelle Lee M +61 458 609 322
Source: 91ºÚÁÏÍø