Word: consortium
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Though many geologists are convinced that Australia's substratum contains plentiful oil, the continent has so far had only one big strike; it came 21 years ago in the Moonie fields of Queensland, where a consortium of Union, Kern County and Australian Oil & Gas hit a field that is expected to produce up to 10,000 bbl. per day this year. Actually, the searchers have lately been finding a great deal more natural gas than oil. Gas finds have been made in western Victoria, New South Wales and in South Australia. A combine made up of Delhi-Taylor...
...nine years, Robinson and Pacific Northwest, a consortium of four private power firms, have been seeking approval to build a $257 million, 670-ft.-high dam at Mountain Sheep in the middle reaches of the Snake River astride the Oregon-Idaho border. Competing with Pacific Northwest was the Washington Public Power Supply System, a group of 16 public utilities, which offered to build a comparable dam at Mountain Sheep or an even bigger one (800 ft. high and costing $369 million) farther north at Nez Perce. And bucking both was Interior Secretary Stewart Udall, who wanted the Federal Government...
...sources as the World Bank and the Latin American moneymen, who are normally wary of investing in their own homelands. So far, a dozen firms have pledged up to $500,000 each, including Italy's Fiat, Belgium's Petrofina, Switzerland's Swiss Bank Corp., a Japanese consortium, and the U.S.'s IBM and Standard...
...expanding services, the bank has admitted three non-Rothschilds as partners (the family still controls with four partners). The British Rothschilds, who still are the world's most important bullion dealers, have started a factoring company, an investment advisory service and two mutual funds, are participating in a consortium to underwrite pay TV and in a group of Europe's gilt-edge banks called Euro-syndicat, which was organized to seize opportunities in the Common Market...
...their most ambitious project, the British Rothschilds put together a consortium to tap the timber, minerals and hydro power of a 53,000-sq.-mi. area in Newfoundland. Next spring the British Newfoundland Corp., with both the British and the French Rothschilds represented, will begin a $1 billion, seven-year job to dam Hamilton Falls and harness its 6,000,000 h.p. It will be the world's biggest hydroelectric development, and Sir Winston Churchill has called the whole project "a grand imperial concept...