Aust. Mining Exports

Press, Volume CVIII, Issue 31657, 18 April 1968, Page 12

Aust. Mining Exports

(N.Z. Press Assn.—Copyright) CANBERRA, April 17. Australia earned $98.4m more from its leading export of minerals and metals In 1967 than in the previous year.

This was shown in figures released by the Commonwealth Statistician (Mr K. M. Archer) of exports of 21 selected minerals and mineral products. Their export value increased from $308.2m in 1966 to $406.6m in 1967—a rise of 32 per cent. However, the spectacular increase was largely confined to three exports out of 21— iron ore (up $56.7m), coal (up $10.7m), and refined silver (up $6.7m). Exports of refined lead were down by $7.5m, refined zinc down by $7.3m and refined gold by $6.2m. The lower returns from exports of refined lead and zinc were because of a combination of lower tonnages being sent overseas as well as lower prices. The reduced returns from gold was caused by lower output.

INDICES

London.—Financial Times. 1968 Indust. Govt. Gold April 10 .. 443.2 76.53 73.2 April 11 .. 449.6 76.51 75.2 April 16 .. *454.4 76.40 77.3 New York.—Dow Jones. 1968 Ralls Indust Sold April 11 229.40 905.69 14,230,000 April 15 229.99 910.19 14,120,000 April 16 231.83 906.78 15,680,000 Sydney.— 1968 Retail Ord All ord April 11 .. 336.82 405.30 487.57 April 15 .. 336.41 410.80 494.71 April 16 .. 335.13 411.79 *496.55 * Peak