July 4, 1994 |
California Gets a New Plant: Broken Hill Proprietary Co. of Australia said it will build a $60-million plant in Rancho Cucamonga to coat sheet steel with Zincalume, a zinc and aluminum product that resists rust. The plant will have a capacity of 550,000 tons a year and will be the only such installation in the western United States.
April 15, 1986 |
Broken Hill Proprietary Co. said Monday that it has acquired rights to 20% of Elders IXL Ltd.'s stock in a move analysts said was designed to protect both companies from takeover specialist Robert Holmes a Court. The investment by Broken Hill, valued at 1.22 billion Australian dollars, or $876 million at current exchange rates, followed Elders' purchase last week of nearly 20% of Broken Hill's stock for 1.7 billion Australian dollars, or $1.22 billion.
January 9, 1995 |
6.85 Million Tons of Oil Exported: The Saigon Liberation Newspaper reported that about 99% of the 1994 total, or 6.79 million tons, came from the White Tiger oil field off the South Vietnam coast. The Big Bear oil field, now being drilled by Vietsovpetro and Australian mining giant Broken Hill Proprietary Co., produced its first 60,000 tons. A third field, Blue Dragon, being drilled by Mobil Oil Corp., is now starting production. Crude oil exports are expected to reach 8 million tons this year.
November 27, 1987 |
Robert Holmes a Court's Bell Resources Ltd. appears to be preparing the way for a takeover bid in Australia after boosting its cash position with the sale of half its stake in Texaco Inc. to TWA, analysts here said Thursday. The deal brings TWA's stake in Texaco to almost 7.4%. Some speculated that the reclusive Holmes a Court was clearing the decks for another assault on Broken Hill Proprietary Co. Ltd., the oil and mining conglomerate of which he already holds almost 30%.