HAMERSLEY IRON
New Offer To Japan (N Z. Press Assn.—Copyright) PERTH, Nov. 30. Hamersley Iron has offered Japanese steel mills Im tons of iron ore by separate contract for delivery next year. This is in addition to the company’s present contract (involving 6m tons of ore and pellets annually, over several years, at its peak). Hamersley is owned 60 per cent by Conzinc Riotinto of Australia Ltd., and 40 per cent by Kaiser of the United States.
CRA plans to offer shares in the venture to the local public next year. The price under the new offer is 9.92 dollars a ton, compared with 9.37 dollars a ton for the Mt. Newman contract.
However, it is reported that the proposed price is right on the Commonwealth's guide lines for export ore. The Hamersley group changed plans on an iron ore pellet (part-processed) export proposal earlier this year because of Government opposition to the price.
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Press, Volume CVI, Issue 31234, 5 December 1966, Page 21
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154HAMERSLEY IRON Press, Volume CVI, Issue 31234, 5 December 1966, Page 21
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