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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 09, 1967
Page
9
Mr Marka calls for central supervision of the capital market and notes plans to drill for nickel at Planet M. He proposes a state backed framework to protect investors and inventors, urging registration and approval of securities. The comments come amid broader talk of central oversight and market integrity.
Report outlines Gulf Oil and Australian Oil and Gas Corporation negotiations. Sir Kenneth discusses offshore exploration near Capricorn and Stilney Basin, noting potential commercial operations and production goals. The piece mentions profit figures, drilling progress, and anticipated impact on dividends.
Wool markets show firmer prices as demand rises in Western Europe and Japan. Australian averages edge higher while mid to strong crossbred wool sees increased buying, with 14 1 bale lots offered and centres noting hesitant gains in the week.
Loloma Mining Corp NE discusses raising about 630000 to take up its entitlement in the Great Boulder new issue. Chairman Mr N Theodore told the Melbourne annual meeting that platforms and frames would be towed out to sea and financed by the company’s mining sections with planned methods to develop the Barracuda and other offshore deposits.
Australia’s foreign exchange holdings show a gradual shift from sterling to the US dollar from 1964. The trend reflects the US as a growing trading partner and investment source, and concern about the UK economy. Reserve Bank figures drawn from the Statistical Bulletin for November.
Pechiney plans a joint venture to survey and assess commercial ore potential in the Blue Hills region. The project includes two other platforms for Halibut and Kingfish fields, with Longreach receiving a payment setup and royalty terms under a joint venture agreement.
The first two major platforms for the Barra souls gis and Marlin oil and gas fields are finished and ready for site operations in Ways Strait. Broken Hill Pty Co Ltd plans a debenture issue in March to fund offshore projects and related work. Details indicate a proposed debenture amount around 358,395 129,197 and transferable rights attaching to the site, with terms to be finalized.
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