New Caledonian Iron
p. 75 · Read in the full issue
Japanese Very Active
The Japanese continue to display the * liveliest interest in the iron ore de posits of New Caledonia.
It was reported from Tokio ou August 9 that an iron field in New Caledonia, estimated to contain 20,000,000 tons of ore, is to be worked jointly by French and Japanese interests. The field is owned by a French subject, M. Robert Fuok.
The Steel Tube Company of Japan will finance the venture.
Another cablegram, on August 9. said;
The Yomiuri Shimhun (Tokio) reports that the Japan Mining Company has bought an iron mine in New Caledonia.
It is estimated to contain 20,000,000 tons of ore running 50 or 60 per cent.