Australian Iron Ore Prospects Budding

As bizarre an example of competitive salesmanship to be imagined took place last June in Western Australia. A half dozen world renowned mining groups received a Japanese iron and steel investigatory mission. Geologists, engineers and businessmen, all specialists in iron ore, representing elements of the Japanese government and steelmakers, politely grilled each iron ore group for technical information and plans for property development. At stake were sales contracts with Japan for many millions of tons of iron ore. Since approximately two dozen visitors were involved, it was necessary to divide them into four groups for dispensing information, transportation and accommodations at the remote exploration camps. In a continent noted for its wide open spaces, the hinterland of Western Australia is spectacularly lacking in settlements. The state has better than one third of Australian land and statistically 0.8 persons per sq mile. In reality, however, over 400,000 of the 800,000 population reside in Perth. Under such circumstances, properly receiving and feting these important visitors would seem to be difficult but the competing exploration groups vied ingeniously to outdo each other in hospitality.