B.H.P. makes $6.5m sale to China

Press, Volume CXI, Issue 32612, 21 May 1971, Page 16

B.H.P. makes $6.5m sale to China

(N.Z. Press Association—Copyright) MELBOURNE, May 20.

The Broken Hill Proprietary Company, Ltd, has announced a 56.5 m sales agreement, for pig iron and wire rod, with China.

BJi-P.’s marketing manager (Mr Ronald Brooks) said that the company had agreed to supply 120,000 tons of pig iron, and 10,000 tons of wire rod to China. Mr Brooks said that the Australian Government had been kept “fully informed” on the company’s negotiations for the sale, and he

did not expect it to intervene. The sale is believed to be the largest ever negotiated with China by a single company. “We are very pleased

■ indeed, and we hope it will I lead to further deals,” Mr I Brooks said. “There are ; early possibilities.” ' He said that the sale had; been negotiated with the; • Chinese metals and minerals [ trade organisation by two ’ senior marketing executives ■ during the Canton Trade ! Fair, earlier this month. B.H.P. first exported to , China seven years ago, when : it negotiated a sale of tin 1 plate. The first shipment of j 20,000 tons of pig iron from • the company’s refinery at Kwinana. in Western Australia, will leave for Shanghai next month, the balance will be shipped during the next five months. The wire rod will be sent in two shipments, between August and October.