Huge Iron Deposits At Savage
(N.Z. Press Assn. —Copyright) SYDNEY March 4.
Tasmania’s Savage River iron ore deposits were now known to hold at least 800 m tons of mineable ore worth roughly slo,ooom, said Mr R. G. Hudson, managing director or Industrial and Mining Investigations Properietary, Ltd. He also disclosed that he had commissioned a feasibility study of the area which would cost about $500,000. He said that the study, being done by the Battelle Memorial Institute, of Columbus, Ohio, was to prove that the Savage River could support a steel industry. The study would be completed by September or Octo-
ber and he was convinced it would prove that a steel industry at Savage was commercially feasible. Mr Hudson said he thought Tasmania would have a steel industry in three to five years. Power would be supplied by the sB4m first stage of the Hydro-electric Commission’s big Gordon River project to the south. The Gordon River project would be finished by 1975. Until then the industry would have to use power from a specially-built thermal power station.
Mr Hudson said more than slm had already been spent drilling in the Savage River area and this exploration had determined the extent of the deposits.
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Bibliographic details
Press, Volume CVIII, Issue 31621, 6 March 1968, Page 20
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205Huge Iron Deposits At Savage Press, Volume CVIII, Issue 31621, 6 March 1968, Page 20
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