By Ben Sharples
July 15 (Bloomberg) -- Alliance Resources Ltd. rose in Sydney trading after Australian environment minister Peter Garrett approved development of the Four Mile uranium mine in South Australia state.
Alliance, which will build Four Mile with partner Quasar Resources Ltd., jumped as much as 34 percent to 98 Australian cents and was at 89.5 cents at 10:06 a.m.
To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net
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