Australian Mining Comes On Strong

As recently as 1964, the situation in the Australian iron ore industry was chiefly one of potential. The only producer was the Broken Hill Pty. (BHP). That company mined about 5 million tpy from deposits in the Middleback Range in South Australia and at Yampi Sound in Western Australia. No ore was exported from Australia. Now, just five years later, and after expenditures amounting to approximately one half billion dollars, BHP and seven new companies exported about 15 million tons (long tons) of iron ore and pellets as well as meeting Australia's own annual requirements of approximately 8.5 million tons of ore. Early this year, the volume of iron ore on order stood at 328 mil- lion tons to be delivered over a period of 15 years, but Cliffs Western negotiations for sale of Robe River iron ore have boosted the volume to the new high of 466 million tons. All of this has meant a great deal to Australia in terms of new income. In fiscal year 1967 (ending June 30, 1967) exports of iron ore amounted to $52 million; in 1968, $128 million and by 1'972 the Bureau of Mineral Resources expects the value of exports from iron ore to reach $242 million. In achieving the position of major- supplier of iron ore to the Japanese steelmakers, it was necessary to build a great many new facilities, mostly in Western Australia. Three railroads, 70 miles long, 182 miles and 265 miles were constructed. A new port was created at Dampier; Port Hedland was deepened and otherwise improved; both of these ports are in Western Australia. In Tasmania, Savage River developers built an offshore shiploading station that has received the recognition of engineers internationally. At least a half dozen new communities have been founded. The narrow gage railroad from Kalgoorlie to Perth and Freemantle was replaced with a standard gage line.