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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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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