UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

We seem to have lost sight of the fact that this is election year in the US what is happening in their economy will determine the election result remember what Bill Clinton once said. "Its the economy stupid".
The Republicans have little or no chance of winning so what big business is looking for is the Democrats to spend vast amounts of money on social programmes. This reminds me of 1997 when we elected Blair. This will revive the stockmarket for a while.

Driver/anyone,

anyone know if all permits from BLM by end of Jan to start drilling in Utah were gotten?
...they confirmed there was a seller, who is almost done... has he?

the lack of news, for what ever reason is frustrating, and i guarantee the minute i bale the news will come through and SP will rocket.

:~
Alex

Any chance of you baling soon?:-))))))

baling as in making hay?

No baling as in out same as bailing out ! :-))))))))))))))))

From the other side

It looks like VML have the upper hand and sound confident in finding some U



137-Year-Old Mining Law Cant Prevent Digging for Uranium Near National Park
CONTACT: EWG Public Affairs, (202) 667-6982
FOR IMMEDIATE RELEASE: Thursday, February 7, 2008

WASHINGTON In an ominous move that threatens the integrity of the nations most iconic natural treasure, the Forest Service has approved drilling for uranium at as many as 39 sites near the south rim of the Grand Canyon. This action marks what may be the beginning of extensive uranium mining operations in close proximity to the national park.

The approvals follow on the heels of a dramatic surge in mining claims all across the West. According to Bureau of Land Management records, claims within five miles of Grand Canyon National Park have increased from 815 last July to 1,130 this January, a jump of nearly 40 percent. Most, if not all, of these claims are for uranium. As of January 2003, there were only 10 claims within five miles of the Park. Overall the number of claims West-wide increased 80 percent between 2003 and 2007 from about 200,000 to more than 375,000.

Under the antiquated 1872 Mining Law that still governs mining activity on public lands the government has virtually no power to deny applications to mine on any of these claims, regardless of the impact on national parks or any other resource. The approvals to drill for uranium near the Grand Canyon were granted to VANE Minerals, a British uranium mining corporation.

Forest Service approval documents for the drilling, obtained by the non-profit Grand Canyon Trust, make clear that without reforms to U.S. mining law, or other federal action, citizens and the government are virtually powerless to stop further exploration and eventual mining for uranium just outside the Grand Canyon.

According to the Forest Service:

The 1872 Mining Law specifically authorizes the taking of valuable mineral commodities from Public Domain Lands. A No Action alternative is not an option that can be considered.

With skyrocketing demand not only for uranium but gold, silver and other precious metals it is a certainty there will be a surge in mining activity throughout the West.

If industry is allowed to mine uranium a stones throw from one of the nations most cherished natural treasures and federal officials say theres nothing we can do, its time to update the 1872 Mining Law, said Dusty Horwitt, Public Lands Analyst at EWG. Without reforms to the law, the Grand Canyon, other national parks and all public lands in the West are at the mercy of global metals prices and the desires of multinational mining conglomerates.

"The Grand Canyon Trust believes that the current uranium boom poses one of the greatest threats to Grand Canyon National Park in its history, said Dave Gowdey, Grand Canyon Program Director for the Trust. Uranium development at the borders of the park threatens to contaminate Park waters with radioactive waste, poses public health problems for those downstream communities dependent upon Colorado River water, and disrupts the Park's unique natural areas. The Trust is committed to working with Governor Napolitano's office, Native American tribes, our Congressional delegation and local communities to protect the Grand Canyon and preserve it for future generations."

In their January 15th press statement announcing their latest mining activity near the Grand Canyon, VANE Minerals reinforced concerns that the law provides little authority to prevent additional mining operations.

The Company is very encouraged with these approvals and believes it has established a process whereby approvals can be obtained for projects on Forest lands on a timely basis moving forward, Vane Mineral Group January 15th, 2008 http://www.vaneminerals.com/?page=PressSingle&itemID=253

In November of last year, the House of Representatives passed mining reform legislation that gives the government the power to stop mines that would impair the land or resources of national parks or monuments. Parks protection faces an uncertain future in the Senate.

On February 5th, the Coconino County Board of Supervisors, which governs the county that encompasses much of the land in and around Grand Canyon National Park, unanimously passed a resolution opposing uranium mining near the Grand Canyon. The resolution also requested that the Arizona congressional delegation work with Congress to make lands near the national park off-limits to mining activity.

Another ?

Forest Service quietly OKs mining plan
Denver Post Wire Report
Article Last Updated: 02/07/2008 02:20:26 AM MST


The U.S. Forest Service, with minimal public notice and no formal environmental review, has approved a permit allowing a British mining company to explore for uranium just outside the boundaries of Grand Canyon National Park, less than 3 miles from a popular lookout over the canyon's southern rim.

If the exploration finds rich uranium deposits, it could lead to the first mines near the canyon since the price of uranium ore tumbled two decades ago.

To drill exploratory wells on the claims in the Kaibab National Forest, near the Grand Canyon, requires Forest Service approval. The U.K.'s Vane Minerals received such approval for seven sites in December.

The Forest Service ruled that the canyon could be "categorically excluded" from a full environmental review because exploration would last less than a year and might not lead to mining activity.

And another ?

NEW YORK TIMES
Uranium Exploration Near Grand Canyon
By FELICITY BARRINGER
Published: February 7, 2008

With minimal public notice and no formal environmental review, the Forest Service has approved a permit allowing a British mining company to explore for uranium just outside Grand Canyon National Park, less than three miles from a popular lookout over the canyons southern rim.

Mining Claims Near the Grand Canyon If the exploration finds rich uranium deposits, it could lead to the first mines near the canyon since the price of uranium ore plummeted nearly two decades ago. A sharp increase in uranium prices over the past three years has led individuals to stake thousands of mining claims in the Southwest, including more than 1,000 in the Kaibab National Forest, near the Grand Canyon.

To drill exploratory wells on the claims in the Kaibab forest requires Forest Service approval. Vane Minerals, the British company, received such approval for seven sites in December.

The Forest Service granted the approvals without a full-dress environmental assessment, ruling that the canyon could be categorically excluded from such a review because exploration would last less than a year and might not lead to mining activity.

On Tuesday, the Board of Supervisors in Coconino County, Ariz., voted unanimously to try to block any potential uranium mines. It asked that the federal government withdraw large sections of land immediately north and south of the national park from mineral leasing.

We have a legacy, which isnt too good, from the uranium mining in the past, said Deb Hill, chairwoman of the Coconino board.

Knowledge of the cancers suffered by former uranium workers and their families on a nearby Navajo reservation, worries about uranium-laden trucks and trains on roads and concern about contamination of the aquifers and streams in arid northern Arizona were also factors in the vote, Ms. Hill said.

The Forest Service made its decision after limited public notice to local officials, environmental groups and tribal governments. There was no public hearing.

Bill Hedden, the executive director of the Grand Canyon Trust, said the approvals were the first indications that a new generation of uranium mines might spring up on the Colorado Plateau near the canyon, an area peppered with uranium-rich geological formations called breccia pipes.

Matthew Idiens, the director of corporate development for Vane, said at least seven mines had been located not far from the park in past decades, yielding an average of 3.4 million pounds a mine. The exploratory activity his company plans, Mr. Idiens added, is somewhat limited taking in a truck, doing a bit of drilling, but thats it. The breccia pipes, he said, cover a very small area.

You put a shaft next to them when you mine them, he said, and you take the uranium out and put everything else back in.

After four or five years, you reclaim it, put it back the way it was, and no one would ever know you were there, Mr. Idiens said. We obviously understand its scenic and beautiful there, and we respect that enormously.

Barbara McCurry, the Kaibab National Forests spokeswoman on this issue, said her agency had little choice but to allow the drilling under the 1872 mining law that governs hard-rock mining claims. The exploratory drilling is pretty minimal, Ms. McCurry said, adding, Our obligation is to make sure that any impacts are mitigated.

The Environmental Working Group in Washington has been tracking the new wave of uranium mining claims sweeping across the Four Corners region of the Southwest and is issuing a report on the claims and their possible effects,

Dusty Horwitt, the author of the report, said the Forest Services actions confirmed that House-approved amendments to the 1872 law on mining activity should be approved by the Senate. Congress, Mr. Horwitt said, should give federal land managers the right to balance the desires of mining companies with other values like the protection of national parks and water supplies.

If uranium mining operations are about to start on the edge of the Grand Canyon and federal officials say theres nothing we can do, the time is now to reform the 1872 mining law, Mr. Horwitt said.

Mr. Hedden, of the Grand Canyon Trust, pointed out that several Indian tribes in the Four Corners area, including the Navajo, the Hopi and the Havasupai, had voted to ban uranium mining on their land.

Ms. McCurry, of Kaibab National Forest, pointed out that, if Vane found a cluster of uranium deposits and sought a permit to mine, the decision would require a full environmental analysis and an environmental impact statement

Buyers coming back.

posted on: February 17, 2008 | about stocks:


The past nine months have been very rough for investors in uranium equities, and our long-term chart for the Canadian Uranium Average fully supports this statement, but it appears as though the industry has bottomed and is now on its way up.

Our index fell all the way down to 141.87 on February 8, 2008 from a high of 325.915 on August 9, 2007 and the losses were across the board with only a few winners in that time-frame.

As you can see by the chart below, it appears that in the past week we tested lows set in late January, pretty much held those levels with minimum further movement to the downside. Now uranium equities are moving upwards to test the recent high set on January 24 of this year. If we can get through that level we can move much further as momentum is currently on our side with Cameco (CCJ) recently being upgraded and all things considered a commodity are moving strongly upwards.

micky468

I wanted it to stay down a bit longer for a top up, though its still very cheap.

driver

thats all i'v been doing at the moment with all my share...but they are all starting to pay off now 2008 could be avery good year thought i may hold till 2009 with most off them ............hope you get to buy more as i'm sure i have .....as always ...please do/yr/hw.

VML's performance is about as impressive as GOO and AMER

Now Mr C, are you bored and thinking of winding a few up?

easier to do than a clockwork toy!
for my sins, which are plentiful, i have holdings in both GOO and VML ..... also AL. as of this morning, which has proven a much more profitable exercise

cynic
You should stop chasing me and DYR also have GOO vml AND AL. OK if you must get some URA ASM OXB and loads of SER.

RVD when they relist.

Topped up when it started moving.

hiya .... actually have a reasonable number of OXB + some GOO and VML for my sins .... banked a nice but quick profit on AL. yesterday .... SER far too small for me .... don't know anything at all about the other 2 .... for your part, very much hope you have ORE

I bought AL. years ago I must have got back what I payed in divis so still holding, no room for ORE cheers all the same.

A rise today...at long last... still in this one at a loss though...but staying put !

Gaining strength, but no real increase in volume...

I'm now up about 13% on my top up yesterday up up and away.