Sikafo Gold Mines Ltd.
Pembleton Minerals Sees Potential Impact from Japanese Nuclear Reactor Crisis
Pembleton Minerals & Matallugical Co.Ltd. / Key word(s): Miscellaneous Pembleton Minerals Sees Potential Impact from Japanese Nuclear Reactor Crisis Toronto, Canada – March 22, 2011 Pembleton Minerals and Metallurgical Co. Ltd. (Pembleton): Deutsche Börse symbol: 7PB (www.pembletonminerals.com), anticipates that the Fukushima Dai-Ichi plant disaster may have an impact on the proliferation of nuclear energy around the world. Company management foresees that many nuclear projects may be delayed while waiting to see the outcome of the Fukushima Dai-Ichi tragedy. The crisis in Japan could delay plans for a new generation of British nuclear power stations, dealing a blow to that country's atomic energy industry's hopes for a £30bn boost. Anti-nuclear campaigners are demanding government suspend Britain's plans for new nuclear build until a full safety review is carried out following the Japanese disaster. Despite the British government's avowed faith in nuclear power, it has responded to public anxiety and asked the chief nuclear inspector, Mike Weightman, to produce a report on the implications of the situation in Japan. Germany has ordered the temporary shutdown of the country's seven oldest nuclear reactors while authorities conduct safety probes. Similar anti-nuclear protesting in other countries may result in similar rethinking of nuclear power. The Company foresees that these delays and potential cancellations may result in greater reliance on coal fired power plants moving forward in some regions, especially in countries where there is strong public opinion against nuclear power. These developments may result in higher coal prices in the future, to the benefit Pembleton. Disclaimer & Safe Harbor Statement: This release may contain certain 'forward-looking statements' with respect to certain of Pembleton Minerals and Metallurgical Co. Ltd.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Pembleton Minerals and Metallurgical Co. Ltd.'s actual results to differ materially from those anticipated. Pembleton Minerals and Metallurgical Co. Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Pembleton Minerals and Metallurgical Co. Ltd. operates. The actual results that Pembleton Minerals and Metallurgical Co. Ltd. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. Pembleton Minerals and Metallurgical Co. Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
Pembleton Minerals and Metallurgical Co. Ltd.
Email: info@pembletonminerals.com End of Corporate News 23.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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