But the local regulator assures us that no radiation has been released to the environment. Excuse me? 1400 Cubic Meters? Thats huge....I guess they caught it with a napkin.It has been revealed that the collapse of a leach tank at the Ranger uranium mine in the Northern Territory was the second such incident at a Rio Tinto mine in less than a week.Rio is a majority shareholder of Ranger operator, Energy Resources of Australia (ERA).
An investigation is under way at the Ranger site, inside Kakadu National Park, after a 1,400 cubic metre tank holding uranium oxide slurry and acid collapsed at the weekend.
And second leak, THIS WEEK, of this magnitude from this company. Their stock is down 30%, I hope this bankrupts them.
Sell Rio Tinto, tell your broker to check if your funds have any Rio Tinto and sell them. Lock in a loss for this year, and then buy back another better miner next year.