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Hmmm… haven’t heard of that one…
You can check online reviews etc…There’s a few free e-books around on the internet..
You can also download a lot of audio tapes thru bit torrent etc..
Not that I would do that personally ofcourse,
but it is FREE afterall
I know this is a property website…
But I would have to say… you are probably better off investing in Australian companies that benefit from the growth of China.Here I recently did some research of China, Uranium and Australia … Here it is… please note it’s in bullet – point form… so a little broken.
Some of my researched notes on:
China, Australia and UraniumOver the last 10 years, China’s economy has doubled.
It is now home to more than 1.3 billion people.
China is Australia’s second biggest trade partner,
They are a major buyer of commodities such as iron ore, coal and copper.China currently has nine nuclear power reactors in commercial operation,
four under construction and a further ten under proposal.
This would give a fivefold increase in nuclear capacity to 40 GWe (40 x 1000 MWe) by 2020.In May 2004 the China National Nuclear Corporation (CNNC) applied to build eight (4 pairs of) large new reactors.
In December 2006, 22 months after the bids were submitted and the first AP1000 units are expected to be operating in 2013.Siemens, Alstom and Mitsubishi are bidding to subcontract their services to these Chinese firms.
Decisions will be made by mid 2007.
China’s known uranium resources of 70,000 tU are theoretically sufficient to fill the requirements for the mainland nuclear program for the short-term, but in the long-term will look to Australia, Kazakhstan, Russia, Namibia and possibly Canada to fulfil their requirements.
As electricity demand is growing very rapidly, mainland China is starting to
rely very heavily on imported uranium to fuel it’s nuclear power program.
It therefore comes as no suprise that CNNC is also keen to participate in exploration and mining abroad,
and in 2006 they bought into a small Australian uranium prospect in the Northern Territory.
It is also worth mentioning India (the world’s largest democracy) with over one billion citizens,
expect to have a 20,000 MWe nuclear capacity on line by 2020 (currently at 3 GWe capacity)
Both countries see nuclear power as an important ingredient of sustainable development.
As Chinese companies look to globalise, secure vital resources and establish a presence in foreign markets, there is a very strong interest from them towards investing in Australia’s energy and minerals industries in particular.On 18th April 2005, Prime Minister John Howard and Premier Wen Jiabao of China agreed that Australia and China should commence negotiations on a Free Trade Agreement (FTA), concluding that a FTA would enhance output and employment in both countries – benefiting the Australian economy by an estimated A$24.4 billion over a ten year period.
Australia owns approximately 24 – 30% of the world’s uranium
which and is currently able to export 11,000 tonnes per year.Known Recoverable Resources* of Uranium
tonnes U percentage of world
Australia 1,074,000 30%
Kazakhstan 622,000 17%
Canada 439,000 12%
South Africa 298,000 8%
Namibia 213,000 6%
Russian Fed. 158,000 4%
Brazil 143,000 4%
USA 102,000 3%
Uzbekistan 93,000 3%
World total 3,622,000Australia could eventually supply up to a third of the Chinese domestic uranium.
It’s estimated the trade could be worth a quarter of a billion dollars annually to Australia.Australia’s uranium mines are (in order of size):
1. Olympic Dam (SA) –
Owned by BHP. They purchased the business in 2005 from Western Mining Corporation WMC
http://www.energy.sa.gov.au/pages/conventional/resources_use/nuclear/uranium_mining.htm:sectID=20&tempID=12. Ranger (NT) –
Owned by Rio Tinto subsidiary Energy Resources Australaia (ERA)3. Beverley –
Owned by US group Heathgate4. Honeymoon –
Owned by Canadian-based Southern Cross Resources (28% of which is owned by Sedimentary Holdings)The World Nuclear Association has forecast that uranium demand could rise from about 65,000 tonnes in 2006 to 78,000 tonnes in 2015 and to 111,000 tonnes in 2030.
Australia is poised to cash in on that growth, with BHP Billiton’s Olympic Dam project in South Australia planning to at least triple annual production to 15,000 tonnes.The Northern Territory government has revealed it has received more than 80
new mining exploration applications from several companies – mostly Chinese –
since making new land available for exploration.
Companies to watch:China National Nuclear Corp, Cameco, Paladin, Energy Resources of Australia (ERA) owned by RIO, BHP, etc etc…
Spot price for “yellow cake” has doubled in the past year and looks like
holding above $US70 and according to Resource Capital Research, the price could hit $US90 by mid-2008
before hitting an extraordinary $US115 a pound by September 2008.John Butler and Peter Garrett are against uranium mining in Australia.
Now I’m NOT saying…
Invest in uranium… Some people would argue that you could get just as good returns investing in women’s fashion, media, technology, for example…For you property investors out there:
Hot tip… Adelaide and Darwin…
Darwin has already boomed a little… I’d go for Adelaide..
You know they’re also doing the Adelaide Darwin railroad shortlyI’m just saying…
Think global, Act Local.– Enter Discalimer… Invest at your own risk…
