Word: consortium
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...Queensland Alumina Ltd. operation, for instance, Australian ownership is less than 1%; the remainder is held by British, Canadian, U.S. and French companies in consortium. Mount Goldsworthy Mining Associates, which ships 4,000,000 tons of iron ore to Japan annually, is 8% Australian and 92% British and American. The only large project in which Australians hold a majority interest, Gorton was told, is the Mount Newman iron mines, where their share...
...also stretching the S.B.A.'s $1.1 billion loan kitty by guaranteeing loans made by private lenders, has lined up support from dozens of major banks. Last week five of Manhattan's largest banks agreed to provide up to $50 million to help minority businessmen. A consortium of 23 Houston banks has pledged $7,000,000 for the same purpose, a nine-bank group in Philadelphia, $6,000,000, a group in Boston...
...track builder for Western railroads. It undertook dozens of rail projects, notably a 725-mile stretch (with 45 tunnels) of Western Pacific line through the Sierra Nevada and the Feather River Canyon. In the 1930s, Utah started its all-out expansion. It became one of Six Companies, Inc., a consortium that also included Henry Kaiser and Morrison-Knudsen Co., which bid jointly on Hoover, Bonneville and many another mammoth engineering project in the booming West. The Six Companies have long since separated, but Utah is still heavily involved in construction. It currently has a $102 million backlog of orders ranging...
...first Russo-Japanese venture in Siberia is already under way. This summer Communists and capitalists after much dickering over terms signed an agreement under which Japanese banks will grant a $133 million, five-year loan at 5.8% to enable the Russians to develop Siberian timber cutting. In addition, a consortium of 13 Japanese companies, including such big trading firms as Mitsui and Mitsubishi, will be allowed to sell $30 million worth of consumer goods to Russian settlers in Siberia. As repayment of the loan and to cover its interest, the Russians over a five-year period will ship...
...billion cubic meters of natural gas, limitless hydroelectric power, and eminently marketable amounts of pelts from sable, lynx and big Siberian bears. "We have a destiny in Siberia," says Yoshinari Kawai, 82, a canny Japanese bulldozer manufacturer who led the timber negotiations and now heads the Japanese consortium. "Happily, that destiny will be equally profitable to us Japanese and the Russian people...