PEN peninsula energy limited

latest news, page-40

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    and Rio Tinto PLC AGM, 14 April 2011


    The global uranium market has been affected by events in Japan with prices falling in the first days of the disaster, although they have since rebounded.

    The Japanese situation remains of great concern, but at this stage, even as events continue to unfold, we believe that nuclear power will remain a core element of the world's energy mix, especially as carbon pricing is introduced.

    That said, it will take longer and be more difficult to develop new nuclear power facilities in many parts of the world.



    http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01171524
 
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