23 March 2006

Bloomberg.com: Australia & New Zealand

Currency Boost to Miners: "Mining shares recieved a further boost after Glyn Lawcock, an analyst at UBS AG, said in a note to clients that a lower Australian dollar versus the U.S. currency and higher commodities prices will boost earnings of mining companies, including Zinifex Ltd. and Oxiana Ltd. A lower Australian dollar boosts miners' U.S. dollar-denominated exports in local currency terms"

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