QUEST FOR IRON ORE

Gisborne Times, Volume LXXXIV, Issue 12887, 13 June 1936, Page 5

QUEST FOR IRON ORE

DEPOSITS IN N.W, AUSTRALIA. BRITISH COMPANY ACQUIRES LEASES. MAIN BUYER WOULD BE JAPAN (U.P.A. hy Elec. Tel Copyright) (Received Juno 12, 11 p.m.) SYDNEY, June 12. Negotiations are well under way to develop tlio iron ore deposits at Yampi Sound, in the north-west of Australia. Leases have been acquired by Messrs. H. A. Brassert and Company, Limited, a British company of consulting engineers, whose representative, Mr T. A. Salt, arrived in Sydney 011 the liner Mod tan on route for Japan. He estimates that the output would be more than half a million tons of orcl annually and that tho main buyer would be Japan. Mr. Salt said that his company was dealing with very responsible and important interests in that country. Employment would be given to a large number of Australians and the venture had the approval and cooperation of the Commonwealth and West Australain Governments. JAR MOVE IN SIAM. <U.P.A. by Elec. Tor. nopyright >. SINGAPORE, June 12. Reports from Bangkok state that important Japanese interests are bidding for control of the Bangkok Dock Company, of which the biggest shareholders arc the United Engineers. Singapore. Tlio reports are unconfirmed, but it is stated that the Japanese are most anxious to increase (heir docking facilities in Siam. Tho Japanese control the Malayan iron mining and since 1921 nine million tons of iron ore have been exported to Japan. The latest extension is an option "over a Perak property valued at a million and a half dollars and estimated to bold seven bullion tons of ore.