SAVAGE RIVER DEVELOPMENT
Documents Now Signed (N.Z. Press Assn.—Copyright) HOBART, June 5. American and Japanese interests today signed the final documents with the Premier of Tasmania (Mr E. Reece) for the establishment of a 62m dollar (£2sm sterling) iron ore export industry at Savage river, north-west Tasmahia. The documents were the formal lease of land at Savage river- and a loan agreement for the development of Port Latta, the industry’s outlet, to accommodate 65,000-ton ships. Production Production is expected about the end of 1967 at the rate of 2,250,000 tons of pellets annually to be distributed among five Japanese concerns. Signatories today were the Premier, Mr W. E. Conway on behalf of Pickands Mather and Company International, Mr T. Okura for Mitsubishi Australia Pty., Ltd., and Mr T. Kaneda for Sumitomo Shoji Australia Pty., Ltd.
Production for the first 20 years of operation has already been sold.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660608.2.224
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CVI, Issue 31080, 8 June 1966, Page 24
Word count
Tapeke kupu
147SAVAGE RIVER DEVELOPMENT Press, Volume CVI, Issue 31080, 8 June 1966, Page 24
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in