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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (32225)	2/4/2009 8:17:13 PM
From: LoneClone	Read Replies (1) \| Respond to of 195897

VANE Minerals soars on US drilling results Mon Feb 2, 2009 2:32pm GMT uk.reuters.com Shares in mineral explorer and producer VANE Minerals (VML.L) jump more than 22 percent after the company announces exploration results from its uranium projects located in Arizona and Utah, which broker Ambrian describes as encouraging. "We remain bullish on both the uranium and nuclear power sectors," Ambrian says in a note. "In the longer term we see the construction of new nuclear power stations being necessary for countries to help reduce greenhouse gas emissions as well as ensuring security of energy supply," says the broker. "Any new construction will result in an increase in demand for mined uranium, which is currently constrained due to a lack of new projects coming onstream," says Ambrian, which has a "speculative buy" rating on the company. For more double click on [ID:nRnsB5850M] Reuters Messaging rm://tricia.wright.reuters.com@reuters.net