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The oilfields of Kingfish and Halibut were found in 1967. Broken Hill Proprietary,
already the nation's largest miner of coal, builder of ships and maker of iron and
steel, now had half of the shades in underwater reservoirs which held many times
Lyons publicly justified the embargo by emphasizing that the Australian continent
was meanly endowed with payable iron ore. Dr W. G. Woolnough had elaborated
that fear in a pessimistic report to the Commonwealth in May 1938: 'it is certain ...
the embargo on exports of iron ore was increasingly criticized, it would probably
have survived longer but for the recession known as 'the Credit Squeeze'. Late in
1960 Australia's overseas funds were low. One way of increasing them was to ...
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The history of mining is central to Australian history, from the gold rushes of the 1860's which brought hundreds of thousand of immigrants, to the mountain ranges of iron ore and immense natural gas ... Read full review
A Little Excitement
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