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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
Jan 13, 1970
Page
7
BHP will lift prices on all steel products by an average of 3.7 percent, with most increases effective from yesterday. Merchant bar climbs from 98 to 103 dollars per ton, plates from 105.75 to 109.75, and pig iron from 5175 to 53.75 per ton. The firm notes cost absorption since 1969 and ongoing export orders while remaining competitive on world markets.
Western Mining Corpora tion Ltd increased production of nickel from Kambalda for the fourth successive month in the four weeks ended January 6. Ore treated totaled 55,484 tons, up from earlier four-week periods, with richer grade averaging 3.49 percent nickel and 0.34 percent copper. Nickel concentrates produced reached 12,524 tons with ore grade 12.56 percent nickel and 1.35 percent copper.
Queensland Alumina Ltd announced that its Gladstone refinery produced over one million tons of alumina in 1969, an Australian record for a bauxite refinery. Sir Maurice Mawby said expansion is on schedule and would increase output to about 1.4 million tons annually. Production from the enlarged plant begins December 1970, fully online early 1971.
The Great Boulder-North Kalgoorlie partnership reported continued discovery of high-grade nickel at Scotia and Carr-Boyd Rocks WA during the quarter to December 9. Exploration results show ongoing potential for the project portfolio.
The report notes a peak in Silver Cloud export activity and outlines arrangements for fund deployment, including railway spur development and loading facilities. It highlights copper, nickel, and cobalt concentrates and notable clients, with drilling and mining expansions at Carr-Boyd, Esperance, and Cowana Rocks, alongside substantial ore shipments and future testing plans.
Hanimex Corporation Ltd acquired the remaining 50 percent outside interests in Hanimex NZ Ltd and Hanimex Manufacturing Ltd for 100000 dollars, making both wholly owned subsidiaries. Directors say the consideration fairly reflects the assets acquired.
A corrigendum notes misprints in a Wheat Board article. The Reserve Bank indebtedness for 1969-70 is corrected from 366.1 million to 372 million. The 1970-71 estimate changes from 345 million to 375 million.
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