London Interest In Australia

Press, Volume CVIII, Issue 31750, 6 August 1968, Page 20

London Interest In Australia

(fit. Preet Attn— Gofvright) LONDON, August 4.

Friday’s late London upswing in Great Boulder, Kalgurli and Western Mining will have two tests to face this week, said the columnist “Lodester” in the “Financial Times”. There would be the immediate one of whether the move would have been backed up when Australian stock exchanges reopened for business on Monday morning. Western Mining

“The second—and this could be vital for the Australian mining market as a whole—is whether the much needed tonic will be administered by Western Mining's 12-week progress report which is expected soon, according to the latest Melbourne advices. “It marks the close of the company’s financial year and is therefore expected to contain a new, and predictably favourable, reassessment of the Kambalda nickel mine’s ore reserves. These were last computed in January. “The *bulls’ are hoping that

Business Personals

Mr N. Tindall has been appointed managing director of Otis Elevators Company, Ltd, Auckland. He was previously assistant managing director and replaces Mr L. Bailey, who has retired but becomes chairman of the board.

Western Mining will be able, or will confirm, a much rumoured major copper find at Kookynie, which lies some 80 miles to the north of Kaigoorlie in the area between Menzies and Leonora.”