Woodchip export controls urged by Australian Senate panel
A 434 page report tabled in Parliament calls for no new woodchip export licences until environmental problems are solved. Exemptions may be granted for projects using only waste from genuine sawmill operations. The committee warns against extending clearfelling outside concession areas and urges safeguards to limit chipped material to genuine waste. It recommends no export quantity increase without environmental review and ties licence renewals to environmental protections and private regeneration. Senator Jessop criticizes forestry authority performance and urges a focus on research and resource priorities.
MENTIONED IN THIS ARTICLE
Senate
Australia
Bolande
Anyine
Presen
Jessop
Industey
Tmeans
Japanese agree to pay more for coal
Tokyo reports Nippon Steel Corp and other Japanese mills agreed to raise coking coal payments from Australia by about 5 percent for fiscal 1977-78. The deal with Clutha Development Pty Ltd sets wallondirty coal at 444.53 dollars per tonne for two years, with a minimum 2.6 million tonnes annual guarantee, plus a copper cost rise of 285 dollars. Other mills Nippon Kokan Kaisha Sumitomo Metal and Kawasaki Steel are negotiating similarly with Australian miners Belamb Coal Co and Kembla Coal and Coke Ltd.
MENTIONED IN THIS ARTICLE
Tokyo
Aap-Reuter
Nippon Steel Corporation
Sydney
Australia
Clutha Development Pty Ltd
Clutha
Nippon Kokan Kaisha
Sumitomo Metal Industries
Kawasaki Steel Corp
Belamb Coal Co
Kembla Coal and Coke Ply Ltd
PNG experiences negative inflation in March quarter
Papua New Guinea reports a deflation of 0.06 percent in the March quarter as staple food prices drop. The annual inflation figure sits at 3.52 percent, with food index down 0.80 percent due to lower prices for rice, flour, evaporated milk, sugar, tea, coffee, and canned goods.
MENTIONED IN THIS ARTICLE
Port Moresby
Papua New Guinea
Bureau of Statistics
ICI subsidiary profits lift Australian Fertilizers facing outlook
ICI Australia subsidiary Australian Fertilizers Ltd posts six month profit of $1.0 million after a $628 000 gain versus a prior period loss. Revenue climbs 25 percent to $30 million as bulk superphosphate sales double and fertiliser tonnage rises 20 percent. Industrial chemical earnings steady while agricultural road products rise. Despite rain, outlook improves with demand for unperphosphate rising, pending settlement over Kensco share sale dispute.
MENTIONED IN THIS ARTICLE
Australian Fertilizers Ltd
ICI Australia Ltd
Mainsonernb
Land investment focus seen in MLC directors report
The MLC directors report highlights land investments and farm property details. It notes a yield on invested funds around $556.74 million, with returns rising from 7.14 percent to 8.43 percent, reflecting increasing efficiency in asset performance despite messy OCR text.
MENTIONED IN THIS ARTICLE
Hs Ota Soncentra
Sana Ort
MLE
Peck
Bae
Also Mentioned on This Page
Business & Economics
Potterra
Bank of Adelaide
Rural Bank of New South Wales
Vian ‘Finance Corporation of Australia Limited
HTP
Ulin
Orient
Siz
Fase Ed
Bynare
Aulers
Commonwealth Trading Bank
Lombard Australia Limited
Stock Exchange
Thessue
Mordenus
Sydney May & Mt
Weboure
Draper
Chaves
PNG
Lote Oe
ICI
Ieee
Kensco
VET
Seth
Rai
Aroun
Goma
Herald
Ted
COE
Statax Actuaries
Cvenem
Fomcal
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