Whim Creek drill results signal nickel discovery near Roebourne
Whim Creek Consolidated NL reports an intersection near Roebourne of elevated nickel with copper in a six hole program. Results from holes 2 and 8 show copper and nickel values, while overall grades are tentative pending fuller assay data. Offshore drilling by Shell begins in Great Australian Bight with Platypus projects to follow.
MENTIONED IN THIS ARTICLE
Whim Creek Consolidated NL
Ruth Weil
Roebourne
Roebourne Ait Venture
Reck
Anglie Ameren
Austrivd Bd
Koper
Shell Group
Port Lincoln
Jensen Jensen Mining
the Vestments Ltd
Hdenum-Bismarh
LDU Garner
Theolemisis
Senators examine takeover moves for Genow Oil bid
The Senate Select Committee on Securities and Exchange reviewed Belinda Pry Ltd takeover efforts of Genow Oil. Glomex Mines NL directors A. Pitts and WN Handley, ex-John T. Martin and Co underwriters, testified. Handley also chairs Belinda Pty Ltd. Evidence supported claims Belinda sought to depress Genow shares. Further in camera talks and future hearings were noted involving Ponwoun NL and Sidney brokers.
MENTIONED IN THIS ARTICLE
Genow Oil
Belinda Pry Ltd
Glomex Mines NL
Senate Select Committee On Securities Jand Exchange
Glomex Mines
A. Pitts
WN. C. Handley
Melbourne
John T. Martin and Co
Glomex
Handley
Belinda Pty Ltd
Melbourne Stock Exchange
Genoa Onl
Belinda
Rie
Tus
Rae
Pius
Sydney
Genda
Pitts
Wilcocks
Ponwoun NL
K. T. Maxwell
J. A. Gibson
Sidney Sharebroking
Hattersley and Maxwell
Acceptable bids for Minsee shares but Robe River parcel unsold
Tender notices show acceptable bids totaling 23 million for Minsee, while no satisfactory offers emerged for the entire Robe River Ltd parcel though smaller blocks drew bids. Aberfoyle and Cudgen Rutile tenders are strong, with Aberfoyle’s 38 million fully paid shares and 984,497 contributing shares valued at 9.43 million against 4.74 million Friday prices.
MENTIONED IN THIS ARTICLE
Robe River Ltd
Jamison
Robe River
Aberfoyle
Cudgen Rutile
Abertoyle
Cudgen Box
Consolidated Rutile
Oul Ade
Minsec
Rube River
Robe River Holding
Miller
Jamison Sid
Aberfore Cudgen
ACI starts year with improved outlook in 971 72
Australian Consolidated Industries Ltd reports a better first quarter 1971-72, with group results ahead of last year and a brighter outlook for the full year. Printing and carton segments lag, but glass, fibre-glass and extrusion divisions show gains amid price increases and tariff considerations.
MENTIONED IN THIS ARTICLE
Australian Consolidated Industries Ltd
James Forrest
Melbourne
Groun
Australia
ACT
InoDermu
Perth
Pak Pacific Corporation Pty, Limited
Victoria
New Zealand
Australian Window Glass Pty, Limited
Alex Harvey Industries Limited
Exparte
Comarco Limited
South East Asia
P.T. Kangar Consolidated Industries
Djakarta
Malaysia
Singapore
Thailand
New Guinea
New polypropylene plant highlights protection concerns in Australia
W N Luke managing director of Sheil Chemical says uncertainty over forward prices and protection levels for thermoplastic raw materials hampers investment. He cites the Clyde plant, the first of its kind in Australia, costing over 18 million and with a 24 000 ton annual capacity. Luke urges faster tariff reviews and parity with polyethylene to prevent disruptive Japanese pricing while noting existing protections remain slow to update.
MENTIONED IN THIS ARTICLE
Sheil Chemical (Australia) Pty Ltd
W. N. Luke
Sail
Tariff Board
Luke
Clyde
Australia
Shell
Japan
Anglo American eyes Poseidon finance aid for windward project
The Anglo American group proposes funding Poseidon Ltd to push the Windwrra nickel deposits to full production. In a June 30 annual report, directors gave few details but noted ongoing review and potential announcements. Earlier, Anglo American via Australian Anglo American Ltd pledged about 10.8 million to support mine development and construction. Discussions continue on nickel marketing and a joint smelter to convert production to matte, possibly under long-term contract.
MENTIONED IN THIS ARTICLE
Anglo American Group
Poseidon Ltd
Anglo American Corporation of South Africa Ltd
Australian
Anglo Amierican Ltd
Poseidon
Dicussiink
Treasury Bulletin Signals Moderate Growth and Inflation Pressure
The bulletin indicates moderate output and demand growth with inflationary tendencies. It notes strong private sector housing, firm private fixed capital expenditure, and movements in consumption, government spending, earnings, money supply, the labor market, and the balance of payments. It was released today and highlights private demand as a key driver.
MENTIONED IN THIS ARTICLE
Treasury
Also Mentioned on This Page
Business & Economics
Whim Creek
Arco
ACI
Avisket
Australian Window Glass Pty Ltd
Acts Mining
Glenorchy
Scheelite Relat WL
Ampol Ivploration
Aquitaine
Maved
Firether
Australian Consolidated Industries Limited
Bourke Street
Nat Pratt
ACI Limited
Mk. da
Aci-Sloane Pty. Limited
Lae
London
Leon Ararat
Tel Hamiersley
Weratney
Mareeba
U Alpes
Inte
Ark Canke
Trust Dewcate. Et Company
Generel
Alinga Street
Canberra City
P.a
PAI
P A
F.a
J. S. Millnar
Hugh Dixon
G. L. A. Donohoe
S. A. Sistyer
International Pacific Corporation Ltd
Darling and Company Limited
N.S.W
Depaalt & Investment Co. Ltd
Baiey Arcade
Petrie SL
Canberra
Ade
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