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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Dec 19, 1969

Page

6

Slater Walker Plans for Mutual Underwriting and Development

Slater Walker Services (Australia) Ltd with institutional investors have invested 4.5 per cent in Mutual Underwriting and Development Ltd to aid expansion of its investment banking. Slater Walker now holds 30 per cent of Mutual Underwriting. remaining 34.3 per cent is held by various institutional investors and associates. Michael McAlister, deputy chairman of Slater Walker, agreed to join Mutual Underwriting's board after a Sydney meeting. The partners aim to expand financing and development of other companies, underwriting and sub-underwriting, financial advisory services, and establishing equity, portfolio, land, and share trading activities.

Slater Walker Securities (Australia) Ltd Ors Mutual Slater Walker Muteal Ainations Investors Motul Sydney Michael McAlister Lan Iovitathyn McAlister Tite Associates Tal Sues

Alcoa Plans Major Euro Dollar Loan in Australia

Alcoa of Australia Ltd intended to borrow up to 835 million to fund further development, Clark said in Melbourne yesterday. Sir Lind say Clark, chairman, noted the euro-dollar loan would support expansion and capital projects in the Australian operation.

Alcoa of Australia Ltd Lindesay Clark Melbourne Australian Resources Development Bank

Western Aluminum Finance Ties Signal Stable Gold Market

The report notes Alcoa subsidiary Western Aluminum extends 196K euro-dollar loan in London while borrowing from Australian banks. Markets show steadiness as US British and Australian lenders back the refinancing plan. ARDY funding and Australia overses borrowing shape the scheme to support expansion and refining capacity in Western Australia.

Tte Alcoa Western Aluminiane Nts London Sisi United States

European firms join consortium for Kimberley alumina plant

West German and Dutch firms join an international consortium to build an alumina plant in Kimberley Western Australia. Sumitomo and Showa Denko KK along with AMAX have agreed on the project. The plant aims to produce 1.2 million tons annually and is to be completed by 1973 with bauxite mines developed by AMAX subsidiary AMAX Alvin.

Zoro Aap-Reuter Kimberley Sumitomo Chemical Co Sumitomo Denko KK American Metal Chinas AMAXI Vereinigte Aluminium Werke West Germany Son Nether Linder AMAN Amux Alvin

Alcoa defers equity issue to fund expansion plans

Economy caution drives Alcoa to extend borrowing rather than issue new shares. Speaker Lindsay Clark notes the smelter expansion at Whyalla and at Pinjarra WA requires about 36 million dollars from Australian banks, avoiding a public offer. Investors face a cautious outlook as rivals gain ground.

Aint Henry Gieelong Sin Lindesay Halen Australia Teast Camalen

Weatherly Oil NL outlines promising WA exploration plans

Weatherly Oil NL announced plans for several promising projects across Mount Clifford, Windarra, and Laverton in Western Australia. The joint venture with Kin Ore Geld Corporae aims to probe new zones with seismic data and a first well targeted within months, as funds enable drilling and equipment procurement for the Timor Oil Laverton district exploration.

Weatherly Oil NL Mount Cliffford Windarra Laverton Western Australia INE Luis Gatat Weatherly Kid Weteemern Uit Uhegry Irra West Tuessay Timor Oil Lavertonistrict Winduera Hill Timor Oitid MALA Campaiy Timor Nery Cooper and Cooper and Arckuringation Dodson South Australia Adelane

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