Uranium Institute Formed By Global Producers
New uranium group unites Canada France Britain and South Africa with governments and private firms to promote peaceful use, research, and information exchange. Founders include Denison Mines Eldorado Nuclear Rio Algom and others. Australia’s energy commission invited but not yet joined.
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Anandatos
3Oworld
THLE
Australis
Electrolytic Zinc Company of Australia
Pancontinental Mining
Peko-Walleend
Queensland
Minck
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Australia
Atorie Energy Commission
Cassia
Denison Mines
Eldorado Nuclear
Rio Algom Mines
Uranium Canada
Frearet Commisariate Energie Atemique
Comme de Mokia
Pechiney Deere Kuhlmann
South Africa
Buffelsfontein Gold Mining
Mee Uranium
Vaal Cel Exploration and Mining
Britta
Rio Tinte
Zine
Exclusive petrol supply plan rejected
The Trade Practices Commission rejected Total Australis Ltd's plan to supply Petrol exclusively to three Melbourne cut-price service stations. The stations previously received fuel from Jim Porter Pty Ltd and Terry O'Brien and Co Pty Ltd. Supplies have been halted by the Transport Workers Union pending a commission investigation into union official involvement.
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Total Australis Ltd
Melbourne
Jim Porter Pty Ltd
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Trade unions and firms face investigation over petrol supply
Australian Council of Trade Unions linked Solo stations to an agreement with Solo. The Trade Commission pursued actions against Toral and Shell regarding exclusive supply and public interest. Toral granted some authorisations while two requests were rejected for supply with conditions and regional limits amid industrial strife.
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Australian Council of Trade Unions
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Commission
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Exchive
Rervice Malone
oRErvIcCe = AjAtiOnS
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Power
O'Brien
Torso
Arien
Melkaviene Metropoliten
DUL plan approved paves way for bank investments
Shareholders of Development Underwriting Ltd approved proposals that allow Union Bank of Switzerland to raise to 23 percent and Chemical Bank of New York to 25 percent, boosting combined equity to 48 percent. The plan doubles capital to 20 million, issues convertible preference shares, and enables funding arrangements with the banks including a 4 million dollar working capital infusion.
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Development Underwriting Ltd
Union Bank of Switzerland
Chemical Bank of New York
Asec
Chemical Bank
Inman
STC's Profit Drops Amid Wage and Cost Surge
STC's profit fell to 418000 in 1974 from 1499009 the prior year as wages interest and raw material costs rose. Private sector sales waned with slower economy and reduced demand from the Australian Post Office. Chairman Sir Samuel Jones called it a difficult year amid major industrial disputes but cited strong longer term prospects and benefits from a multi million dollar R D program.
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Pos
STC
Samuel Jones
Alcoa Australia predicts aluminium demand to double in decade
Alcoa Australia Ltd told the Industry Assistance Commission in Melbourne that total aluminium demand could rise from 190 700 tonnes this year to about 422 900 tonnes by 1984, a compound growth near 9 percent annually, with 60 percent of output sold locally and 40 percent exported under a long term toll melting contract with Furukawa Aluminum of Japan.
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Industry Assistance
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Alcoa
Inga
Furukawa Aluminum
Japan
Arena Save
Ike
Itera
Abs
Minium Mrices
J« Enya
Sterling Hits Four-Year Low in Sharp Devaluation
London reports the pound suffers its worst daily drop in four years amid fear over the ARITI economy. The currency slides from 25 percent to 259 percent depreciation since December 1971 as Bank of England intervention remains small and inflation climbs toward 21.7 percent. Officials deny immediate measures, while dealers expect further decline as confidence erodes.
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Bank of England Mpper
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