Japan's need of Aust, coal
(N.Z. Press Assn.—Copyright) BRISBANE, Nov. 8. Australia could soon displace the United States as the biggest source of coal for the Japanese steel industry, the general manager of the Nippon Steel Corporation (Mr Y. limura) said in Brisbane. Japan was gradually increasing her purchases of coal, he said, but much depended on the development of the Australian coal industry. It had to be carried out smoothly, it had to remain stable, and prices had to remain competitive. Already, , Japanese steel manufacturers were buying coal at the rate of 19 million tons a year from Australia, which was second only to the .United States (24 million tons) as a source of supply. Queensland coalfields were supplying six million tons a year, but contracts had already - been signed which would enable Japan to buy 16 million tons from this state alone within a few years.
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Press, Volume CX, Issue 32450, 10 November 1970, Page 16
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148Japan's need of Aust, coal Press, Volume CX, Issue 32450, 10 November 1970, Page 16
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