Woodside spends 6.5 million on exploration
Woodside-Burmah Oil NL reports a six month exploration outlay of 6.5 million ending December 31 in its first annual report. Directors note potential five year development for the North West Shelf and consider on shore sales, LNG and natural gas demand growth as boosting confidence in future gas prospects. Exploration for the coming year is projected near 11 million.
MENTIONED IN THIS ARTICLE
Woodside - Burmah Oil NL
North-West Shelf
Comalco faces tougher prospects amid oversupply and policy delays
Comalco chairman BD J Hibberd told Melbourne observers that three linked factors pressure short term, including export returns under oversupply, currency swings, and uncertain local government aluminium policy in Australia and New Zealand. He warned profits could fall if local prices drop. Tariff Board reviews and Trade Department steps loom as protective actions. The year opened with weak consumer and business investment, although housing remains buoyant and the Weipa bauxite project nears completion.
MENTIONED IN THIS ARTICLE
BD. J Hibberd
Melbourne
Australia
New Zealand
Wikberd
Comalco
Hibberd
Comaleo
Peoples Republic of China
Comalcos
Aluminium Industers
Tariff Board
Wang
Trade Department
Andoom
Weipa
Smiths to buy stake in Canberra wool merchant EWP
Henry B Smith Ltd of Melbourne will acquire a substantial shareholding in Economic Wool Producers Ltd of Canberra. J Maple-Brown, EWP chairman, says the Australian owned wet carboniser links will strengthen FWP financially and technically while maintaining growers’ control. The deal taps Henry B Smith’s technical expertise to aid marketing and return to wool growers.
MENTIONED IN THIS ARTICLE
Henry B Smith
Slater Walker posts 2.02 million profit for year to December
Slater Walker Australia Ltd reports a 2,022,000 after tax profit for the year to December, a rebound from 1970. Directors note a 1971 trading loss in June, asset revaluations offset by write offs, seasonal gains expected in the second half, and propose a final dividend of 4 percent with interim 3 percent for 1972.
MENTIONED IN THIS ARTICLE
Slater Walker Australia Ltd
Austin Ltd
New nickel assays at Kambalda reveal deep high grade
Directors report a 10.61 percent nickel intersection in the Joan Shoot the deepest assay to date at Kambalda. Two new nickel sulphide intersections from broadly spaced drilling open potential extensions and a new Ken Shoot is named with southeast extension indicated. Subsequent assays include 16.4 percent over 1.5 feet and deepest 8.467 percent over 6 feet with other strong results. Sugar drilling continues at the Veelirrie uranium prospect along a five mile by half mile corridor.
MENTIONED IN THIS ARTICLE
STLAT
Kambalda
Kambalda Dome
Ken
Veelirrie
ANZ Bank Conference to be Held in Canberra
ANZ Bank will hold a full day regional conference in Canberra on Monday under the chairmanship of A L Owner. Attending will be M Hrunckhorst and R L Reid, focusing on current economic trends with emphasis on the retail sector.
MENTIONED IN THIS ARTICLE
Nsw
Austra New Zealand
Canberra
R. L. Reid
Canberra City
M. Hrunckhorst
A. L
Act
Southern
Reid
Woodsreef opens Barraba asbestos mine in NSW
NSW Premier Sir Robert Askin officiated yesterday at Woodsreef Mines Limited opening a $17.9 million chrysotile asbestos mine and mill at Barraba. Directors warned annual fibre could reach 70,000 tons, with potential to double output for about $6 million more if demand requires.
MENTIONED IN THIS ARTICLE
Nsw
Robert Askin
Woodsreef Mines Ltd
Barraba
Wsw
Woodsreef
Court dismisses Angela appeal in Pilbara iron ore case
The Western Australian Full Court yesterday dismissed Hanwright Associates appeal over Angela iron ore deposits in the Pilbara. Chief Justice Sir Lawrence Jackson and justices Virtue and Burt upheld Justice Hale's September decision. The firm sought to remain in occupation of the Angela reserves against WA, the Minister for Mines, the Premier and Cabinet. The judgment found no enforceable equity rights for the associates.
MENTIONED IN THIS ARTICLE
Hanwright Associates
Angela
Pilbara
Lawrence Jackson
Justice Virtue
Justice Burt
Justice Hale
Haywright Associates
Western Australia
TNT and Ansett Inquiry Scope Remains Unsettled
Senate committee chair Senator Prowse declined to commit to the exact scope of the TNTATI takeover inquiry. The panel begins hearings on April 26 after being referred by the Senate, with emphasis on foreign ownership, non Australian participation, and potential effects on Australian aviation policy and the public interest.
MENTIONED IN THIS ARTICLE
Senate
Prowse Icp
Thomas Nationwide Transport
Ansett Transport Industries
Prowser
DLP
Gair
Imo
Australia-Newealand Trade
Tntati
Anfot Tratagort Industries Limited
Fn Thomas Netlamwide Tramsport Limited
Us Ageett Tremaport
Chaiman
Senate Select Committee On Securities
Rae
Lib
Tas
TNT
TST
ATI
TNT chief denies foreign money in Ansett bid
Thomas Nationwide Transport chairman Ken Thomas denied Senator Gair’s charge that foreign funds financed TNT’s takeover of Ansett. He claimed no overseas borrowing and financing through Australian houses. He supported a Senate inquiry into the matter and noted TNT operates in Japan with current accounts published there while denying any Japanese shareholder or loans.
MENTIONED IN THIS ARTICLE
Thomas Nationwide Transport Ltd
Ken Thomas
Democratic Labour Party
Gair
Ansett
TNT
Australia
Thomas
ABC
Senate
Sena
Japan
Te Company
Comny
Weather and cyclone updates from Canberra to Coral Sea region
Weather bulletin notes a low near the Coral Sea, with a repeat cyclone near Cape York Peninsula. A cool to mild trend with cold nights expected across Victoria and southern regions. Scattered cloud and light winds over the tablelands, while northern coastal areas stay clearer. Temperatures mostly near or slightly above average, with some places dipping below. Minor rainfall reported at Norah Head. Canberra yesterday saw showers. Yass grazier Edward de Mestre dies aged.
MENTIONED IN THIS ARTICLE
Victoria
Tyneman
Tia Crelord Fail
Cape York
Cous
Norah Mead
Hill iSvdeer
Canberra
Top award presented to widow
The Peter Nicol Russell Medal for the Institute of Engineers Australia was awarded to the widow of KA Priddle, former president of the institute. Priddle died August 1 last year and helped projects like Mills Cross telescope, the Stellar Interferometer, the National Library, and the Sydney Opera House.
MENTIONED IN THIS ARTICLE
Peter Nicol Russell
Institution of Engineers
Australia
KA. Priddle
Instituti
Commonwealth of Australia
Priddle
MacDonald
Mills Cross
Caneberra
Narrabri
National Library
Canberra
Sydney Opera House
Pensioner denies he was a morphine addict
Brisbane report details 51 year old Robert Andrew Somerville of Gladstone who was confined in wards for the criminally insane for 20 months after a six week jail term for seeking morphine under a false name. He says he was treated as a drug addict after pleading guilty in 1970 and was kept in a maximum security ward at Walston Park Special Hospital. The inquiry, led by Mr Frank Ciardiner, continues as the District Court hears evidence about his detention and medical treatment.
MENTIONED IN THIS ARTICLE
Brisbane
Robert Andrew Somerville
Gladmane
Queensland
Frank Ciardiner
Somerville
Walston Park Special Hospital
Broad
Tho Monrow
Yass Pastures Protectant Board backs CSIRO in blowfly review
Directors of the Yass Pastures Protectant Board have agreed to cooperate with CSIRO in a reappraisal of the sheep blowfly problem due to reduced effectiveness of chemicals used for control.
MENTIONED IN THIS ARTICLE
Yass
Yass Pastures Protectant Board
CSIRO
Lions Club launches Geaulburn prize heavy with rewards
The Lions Club has announced the largest art onion contest in Geaulburn with prizes totaling over $24,040. First prize is a fully finished Hoy, second prize a two week Pavifle cruise, and third prize two weeks at Surfers Paradise.
MENTIONED IN THIS ARTICLE
Goulburn
Thur Day
Geaulburn
The
Lions Club
Surfers Paradise
Fallout report on French nuclear tests reaches Australia
The Minister for Supply Mr Gearland told the House yesterday a report on atomic weapons test fallout. He tabling a committee measure noting Australia faced health hazards from the French tests in the Pacific last year.
MENTIONED IN THIS ARTICLE
Lalia
Gearland
House of Representatives
Atomic Weapons Teste ‘Gallery Comemities
Australia
Pacific
Also Mentioned on This Page
Usiness & Economics
Woodside
Mr Hibberd
H. Smith
Slater Walker
Newnes
Canberra Times
ANZ Bank Conference
London
Lomton Melk
Boydine
CIA
Rowider Vita
Hamersley
T.N.T. and
Fir Lonpaviey
Murphy
TNT Ad
Europe
Turnbull Lmd
Tus
Edward de Mestre
Asaa Wee Hospital
Edinbergh
Oidniah
Jammer
Moscow
Pensioner
Jltl
University of Sydney
Insmary Senate
Gasemeeture
A.C.T
Cinema
Bunda Street
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