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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 16, 1968
Page
8
CRA Australia Ltd has started surveying Bougainville as part of a feasibility study to gauge copper mining prospects. Area manager Mr Bishop and survey team arrived in Bougainville's main town to assess development sites and plan potential mining operations.
Directors lift ordinary dividend from 14 to 15 percent after a 46 percent partial profit rebound to 860000 in the year to June 30. The group reports pretax profits near 311 million for 1965-66 with improved margins and depreciation write offs amid broader brand expansion and cost controls.
The report covers Great Boulder Gold Directors and Mines Ltd with North, Kalgurli Ltd, and Kaipoorie Scotia prospect traders noting nickel grade near 3.4 percent and 11 to 12 percent copper in some samples. drill results describe mineralised zones, true thicknesses, and geological structure. a summary of assay figures, dimensions, and anticipated further drilling is given, with references to Palmer stores and vicinity in Queensland.
Renison Ltd the Tasmanian tin producer showed a strong production improvement in the latest financial year with a substantial profit uptick. The company within the Consolidated Gold Kil Angiratia group regained momentum after prior mining and freight troubles, posting higher ore output and better smelting results, though some metal prices and pendings dipped.
The SLN nickel company seeks a new centre on the west coast about 150 miles from Noumpa. It proposes a 1.5 square mile area for a village housing 400 houses churches and schools and private allotments. The plan includes coral reef blasting near harbour entrances and no cost estimate was provided.
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VAM announces potential purchase actions involving multiple mining companies, considering tender offers and equity swaps. The report notes a tentative price around 189 per share and mentions remittance and interest arrangements.
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