Abstracts » Business, general

Diamonds flow as BHP meets the locals' terms

Article Abstract:

BHP Company Ltd. is expanding its Ekati diamond mine in north west Canada and will also begin work on a second mine in 2000. Output from Ekati amounted to over three million carats in its first 18 months and it contributed A$80 million to BHP's profit of A$533 million for the half year to end-December 1999. BHP has established a close working relationship with aboriginal people in the region.

Gem Diamonds, All Other Nonmetallic Mineral Mining, Miscellaneous nonmetallic minerals, Canada, Natural resources, Diamond industry, Diamond mining, Diamonds, Broken Hill Proprietary Company Ltd.

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A healthy appetite

Article Abstract:

A large proportion of the Australian food industry is owned by foreign companies. Issues concerning the extent of foreign ownership and its implications are presented, with reference to statistics from the Australian Food and Grocery Council.

Analysis, Australia, Foreign investments, Food industry, Statistics, Australian Food and Grocery Council

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Water Wheel rolls on, but only just

Article Abstract:

It has been possible to avoid the liquidation of rice, flour and stockfeed firm Water Wheel Holdings. A deed of company arrangement will lead to Water Wheel being returned to shareholders and directors.

Grain industry, Company Profile, Feed industry, Water Wheel Holdings

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