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IDS World Markets Thurs 6th April 06


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t?s=^AORD

 

 

Miners and Energy taking it away once again. All Ords +0.4% and Materials is leading, +1.7% with Energy a close second, +1.4%. There's very little movement in most sectors apart from Telecom, -1%, which is in its usual position at the rear end.

 

Big end miners are on the move with the gold producers being particularly favoured. Lihir is in the lead, +6%, Newmont +2.6% and Newcrest +1.8%. BHP is finding it hard to keep up the momentum, +0.9%; RIO's doing better, +2%. Specs are not doing a lot today with attention being focussed on the bluechips.

 

We've finally got some action in the oils: Woodside +1.3%, Santos +2.3% and Caltex +1.9%. Oil juniors, like the miners, are having a flattish day.

 

Asia heading up with the exception of China which is down slightly.

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Brazilian Real Strengthens as Dollar Inflows Reach 8-Year High

 

 

April 5 (Bloomberg) -- Brazil's real rose to become the best performing currency against the dollar in 2006 as the central bank said net inflows in March rose to an eight-year high.

 

Net dollar flows into the country last month rose to the highest since 1998 as investors poured money into Latin America's biggest economy to take advantage of the region's highest interest rates. In the last two months, net inflows into Brazil exceeded the total for 2003-2004, the bank said.

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Re discussion on Oz uranium last night:

 

The Jabiluka deposit in the Northern Territory (RIO) is apparently massive but is located in Kakadu National Park which is under jurisdiction of native title. The Mirarr people have so far resisted subtle threats and bribes by the government and who knows how long that will last. Messy at best.

 

The Mirarr people, led by Yvonne Margarula, have strongly opposed mining of Jabiluka, telling a parliamentary inquiry last year that they were worried about the impact of any future mining on their land. "My mob continue to respectfully say 'no thanks', we don't want mining at Jabiluka and I can't see it happening," Mr Ralph said.

 

http://www.theage.com.au/news/national/own...1493611298.html

 

 

Roxby Downs (BHP) appears to be the one:

 

Roxby an Olympic task

 

BHP Billiton's proposed $US5 billion ($7 billion) expansion of its Olympic Dam copper and uranium mine in South Australia will be nothing short of a mini-city development.

 

The population of the mining township of Roxby Downs will more than double, from 4000 today to 9000 by the time the expansion finishes in 2013.

 

But BHP suspects that its biggest challenge will be attracting thousands of new workers to Roxby Downs in the middle of a vast ochre plain with nothing but low scrub breaking the horizon.

 

The average age in Roxby is just 27 and a third of the population is aged under 12.

 

 

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Probably got some of the details wrong here, but the jest is accurate....

 

Near Jabiluka is a place which loosely translated means "the place where you can get sick if you stay too long" in the language of the Mirarr people, who have been in that area for many centuries. Anthropologist/linguist types were puzzled because they considered that to be part of some ancient story that didn't fit within the rest of their ancient stories.

 

Wasn't until the geologists found massive quantaties of uranium ore on the surface, throwing off vast amounts of radiation, that it was realized the meaning was to be taken literally and was a warning, not some ancient tale.

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w?s=^AORD

 

 

Pretty much sideways today after the initial blastoff. All Ords closed +0.6% and and Materials retained the lead, +2%. Energy and Consumer Discretionary were in second place, +1.1% and Healthcare dribbled into last place, -0.6%.

 

Miners continued to hum along nicely and oils ditto.

 

Asia upwardly mobile: Nikkers and Taiwan +1.4% and Honkers +1%.

 

Over to UK/Europe:

 

t?s=^FTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

http://quote.yahoo.com/m2?u

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