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Ranger Uranium Project: Deed of Assignment (12 September 1980)

Category: Agreement
Date: 12 September 1980
Sub Category:Commercial Agreement
Location:Ranger Project Area, Northern Territory, Australia
The Ranger Project Area is 250 km east of Darwin, surrounded by Kakadu National Park.
Subject Matter:Mining and Minerals
Summary Information:
The Ranger Uranium Project: Deed of Assignment (the Agreement) of the 12 September 1980 was entered into between the Commonwealth of Australia (the Commonwealth), Australian Atomic Energy Commission (AAEC) and Energy Resources of Australia Ltd (ERA). The Agreement gives effect to the sale and assignment by the Commonwealth of its share of concentrates of Ranger uranium ore and other mineral products and certain other rights and entitlements under the Government Agreement of 9 January 1979, to ERA. It also gives effect to the sale and assignment by AAEC of the whole of its enterprise under the Government Agreement, its rights, obligations and duties in and under the Management Agreement and the whole of its interest in the Authority (under Section 41 of the Atomic Energy Act 1953), to the ERA.
Detailed Information:
The Agreement was entered into at the same date as other Agreements entered into by the Commonwealth of Australia (the Commonwealth), Peko-Wallsend Operations Ltd (Peko), Electrolytic Zinc Company of Australasia Limited (EZ), the Australian Atomic Energy Commission (AAEC), Energy Resources of Australia Ltd (ERA) and Ranger Uranium Mines Pty Ltd (RUM) whereby some of the parties waived certain provisions under the Government Agreement of 9 January 1979, ERA undertook to perform and be bound by the terms of the Management Agreement of 9 January 1979 and RUM released and discharged some of the parties under the terms of that Management Agreement.

Under the Agreement ERA paid:

  • To the Commonwealth - the sum of $125,000,000, with interest, for the sale and assignment to ERA of the Commonwealth's entitlement to all concentrates of Ranger uranium ore and other rights and entitlements pursuant to the Government Agreement;
  • To AAEC - a total amount of $104,306,767.70 together with interest, for the sale and assignment to ERA of, amongst other things, its rights, interests and obligations under the Government Agreement and the Management Agreement.

  • Related Entries

    Agreement
  • Ranger Uranium Project: Government Agreement as Amended (12 September 1980)
  • Ranger Uranium Project: Deed to Amend the Government Agreement (12 September 1980)
  • Ranger Uranium Project: Agreement (12 September 1980)
  • Ranger Uranium Project: A Deed (12 September 1980)
  • Ranger Uranium Project: Government Agreement (9 January 1979)
  • Organisation
  • Energy Resources of Australia - Signatory
  • Australian Atomic Energy Commission - Signatory
  • Commonwealth of Australia - Signatory
  • Event
  • Authority pursuant to Section 41 Atomic Energy Act 1953 (9 January 1979)
  • Legislation
  • Atomic Energy Act 1953 (Cth)

  • References

    Book
    Commonwealth Department of Trade and Resources (1980) Ranger Uranium Project Deed to Amend the Government Agreement
    Commonwealth Department of Trade and Resources (1980) Ranger Uranium Project Deed of Assignment
    Commonwealth Department of Trade and Resources (1980) Ranger Uranium Project A Deed
    Commonwealth Department of Trade and Resources (1980) Ranger Uranium Project Agreement

    Glossary

    Commercial Agreement

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