New Caledonian Ore
p. 57 · Read in the full issue
For Japan.
WITH a capital of 5,000,000 yen (£375,- 000 Australian), the New Caledonia Mining Company was formed in Tokyo, Uapan, at the end of December to mine iron ore in the French colony of New Caledonia. The new concern, which has Baron Fukao as president, is separ ate from the recently-formed Kitazawa and Japan Steel Tube enterprise in N.C.
En route to Noumea to buy ore for Japan, Mr. Daniel P. Fomenko, the Rus sian-bom representative of the Dutch firm of Heuperman and van Breukelen, of Kobe, reached Sydney by the “Changte” on January 5. Japanese interests are buy ing ore rather than metals, he said, be cause the purchase price is lower and the processes of converting the ore into metal provide employment for Japanese.