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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
Jul 18, 1970
Page
13
Irregular price movements dominate the mining sector as shares gain and drop. Nickel and industrials show notable activity with some firms reporting modest recoveries while others slip. Analysts warn of ongoing volatility amid mixed demand and production signals, with notable leaders and traders adjusting positions.
A damaged OCR fragment lists brief references to rice, prices, and trade terms without clear context. No complete names, dates, or organizations are readable to identify a full event or report.
Australia outlines a Western Australian gas strategy with a 319 million pound pipeline to connect four fields Dongara Onlarra Yasdatinia and Gingin to Kwinana and Pinjarra. The West Australian Natural Gas Pty Ltd formed by four firms aims to start late 1971, with Alcoa as a major early customer and over 6 percent of capacity already contracted.
A partial report outlines conversion steps for a major plant and argues most industrial customers will receive labeled products directly from SLC. The plan includes supply of natural gas via NGAW state channels and a distributor's role at the gas points with initial customers in the Kwinana area.
A garbled report outlines a proposed energy scheme involving natural gas and electric power, with aims to boost production and support chemical and industrial processing. It notes reserves capable of about 70 million cubic feet daily, existing sales, and potential state involvement amid growing demand.
May loan totals declined as lenders reported lower borrowing activity across sectors. Analysts cited subdued consumer demand and tighter credit conditions influencing reduced loan volumes during the month. Financial institutions noted slower growth in consumer and small business lending with stabilizing interest rates.
Tax booklets detailing mining conventions and related obligations will be issued publicly this year. The publication aims to inform stakeholders about tax changes and compliance requirements, with emphasis on the Sydney exchange and year end procedures.
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