Plan to Drill for Copper on Manus Island
The chairman of Transoil and Exoil, W Siller, predicted in Brisbane that both companies would find at least one economic copper deposit on Manus Island. He described porphyry type copper with boulder anomalies and said two drilling rigs would test them. Arrangements were made to move road building equipment and to build facilities in Lorengau, with a laboratory to speed assay results. Siler noted sediment sampling indicated large copper anomalies up to 0.8 percent and described associated minerals and pebbles in the bed rock near the Lenard River.
MENTIONED IN THIS ARTICLE
Transoil and
Exoil
W. Siller
Brisbane
Manus Island
Siner
Ajment
Lorengau
Star
Sland
Mit Siler Sid
Soi
Siler
Ford Cura
Lenard River
Wester
Australia
Pacific Mining to issue 11 options to shareholders next month
Pacific Mining Ltd, a VAM group company, to issue one-for-one options to shareholders on January 8 with an option cost of We to be paid by February 19 and another payment due December 11 next year. Chairman Mr Rupert Hitchen announced the plan at the annual meeting, including four million shares for Dobbyin Mines Pty Ltd, valued at $32 million, giving VAM a majority interest. The group aims to mine at Newcastle and seeks economic relief amid surging trade figures.
MENTIONED IN THIS ARTICLE
Pacific Mining Ltd
VAM
Pacific [Mining
Rupert “Hitchohen
Hitchen
Adel
Dobbyn Mines Pty Ltd
Doblyn Mines Pty Ltd
Karabbs
Cloncurry
Queens
Pacific
Sil
Newcastle
Shell
Jcountry
Schoher
Nodaylieve
Imne
Mallion
Labour
Ime
Indi
Gia
Britain
Eds
jBlack
Castle
Mance
Wilson
Management Consultants Pty. Ltd
Ices
Sydney
P.A
Mixed Christmas Fare Criticism of British Economics
London reports a bleak Christmas as critics argue economic pressures persist. Labour MPs warn that despite a strong overall economy, a long squeeze and higher costs dampen consumer cheer while government measures aim to stabilize imports and earnings amid political tension in Westminster.
Britain Posts £12 Million Trade Surplus In September
The Board of Trade reports UK exports at 11 million with imports down by 1 million, yielding a 12 million surplus for September. Invisible exports and other factors push the current account into further surplus, despite brighter but mixed trade signals.
MENTIONED IN THIS ARTICLE
Board of ‘Trade
Board of Trade
Hravel
Parliament confronts wage policy as Heath faces opposition
In a heated Commons exchange Labour MPs pressed Prime Minister Heath over wage and price controls amid signals of further government curbs. Selwyn Lloyd defended early warning measures and government strategy while Labour and Conservative aides clashed over policy and timing. Meanwhile trade figures showed mixed signals, with business leaders urging cautious reform as wage restraints loom and preparations for potential general elections continue. The share market and company testing activities in NSW were noted as part of broader economic context.
MENTIONED IN THIS ARTICLE
Ponery
Labour
Heath
Hare
Strong
Conseilanswer
Selwyn Lloyd
Bel
Ing
Eusly
Enim
Hungona
Nsw
Sydney
Capital return plan announced by Bowling Centres in Melbourne
Directors of Bowling Centres Holdings Ltd announced in Melbourne a capital return of sixpence per ordinary share on January. The terse notice outlines the planned payout and timing for shareholders following company deliberations.
MENTIONED IN THIS ARTICLE
Bowling Centres (Holdings) Ltd
Melbourne
Great Boulder eyeing lower grade nickel at Scotia mine
Great Boulder Gold Mines Ltd plans to test mining lower grade nickel ore at Scotia WA to boost ore tonnage and total nickel content. Chairman Nils E Nilsen said pre sorting sample work on Scotia and Carr-Boyd Rocks could reduce waste and support greater reserves if viable.
MENTIONED IN THIS ARTICLE
Great Boulder
Scotia
Great Boulder Gold Mines | Ltd
Nils 'E. Nilsen
Melbourne
Carr-Boyd Rocks
Nilsen
Smiel
Great
Sear
Ald Aon
Sn Hose Ents
Fimiston
Bel
Moxieth
Seom
Company eyes Kalgoorlie nickel smelter and output aim
Comparison with Poseidon declined as Channel samples show averages of GTR per cent nickel and 0.36 per cent copper over seven feet. Feasibility studies for a smelter in Kalgoorlie area under consortium with CRA and others. Nilsen notes increased geological staff to push exploration of areas held or optioned. He expects cash flow from Great Boulder product sales by mid wet year to cover expenditure and aims to make the company Australia’s second nickel producer with a market for the metal.
MENTIONED IN THIS ARTICLE
Kalgoorlie
Nilsen
CRA
Australia
Shire Council Holds 1970 Rate at 2.15 Dollar
The Simates meeting of Good Shire Council decided to keep the 1970 rate at 2.15d in the dollar, aiming to raise 269200. Councillor Hodson was opposed as president after serving since 1965. The presidential allowance remains 5600, despite earlier estimates suggesting an 18 percent increase.
MENTIONED IN THIS ARTICLE
Yass
Simates
Adighee Shire
JL. Hods-simon
National Distributors Corp Posts 371 336 Profit for Year
The firm reports 371 336 profit for the year with a 10 percent dividend declared. Year 1 covered 15 months operations and shows net profit after tax at 71 336. Tax adjustments include 47 258 income tax provision and 3 614 transfer from tax equalization, balance carried forward 434 099. No interim dividend paid.
Newmetal Mines raises funds for expansion plan
Newmetal Mines Ltd raises 1.401 million through placement of 10c shares at 165p premium via Patrick and Company. Proceeds to finance expanded exploration programme.
MENTIONED IN THIS ARTICLE
Newmetal Mines Ltd
Patrick and Company
Newmetal
Also Mentioned on This Page
Manus
Tor
Canberra
Canberra Consumers Incorporated
Tull
Woolley Street
Dickson
Ord Minnett
T. J. Thompson & Partners
Sydney Stock Exchange
Moresby House
London
A.C
Dobbyn Mines
Mr Wilson
Ons
Christ
Mas
Mr Heath
Aeulex
Eck
Si0 Lake Credits Co Pty Ltd
Northbourne Avenue
Naoars
P.O
PI Street
Civic Tcenthe
Western Australia
Ocean Front
Perth
Ceorther
Penn
Nam
carr-Boyd Way
Nilseix
Poseidon
National Dis. Corp
National Discount Corporation Ltd
Wta
Qasoya
Ainfria
Tours
Isley Craine
Intiga
Nukucalola
Nem
A. C. Goode & CO. Erbere
The
Stock Exchange of Melbourn
ANP
Blea
Hobart
Pisce
Welbourne
Adelaide
Brussels
A. D. Meares & Bishophers
M.lc
Petrie Street
Pring, Dean
City
Tecoma
Civic Permanent Savings Investment
Co-operative Permanet Building Society Ltd
Garema Place
Canberra City
K.C. Jolly
Her
P.A. Management Consultants Pty. Ltd
Miller Street
North Sydney
N.S.W
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