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WA this week - 10 years ago

CRA to develop Kintyre IN the wake of the coalition’s election victory this month, resource giant CRA will almost certainly commit up to $150 million to develop its Kintyre uranium deposit in the Pilbara. CRA will run a six-month feasibility study on Kintyre as Labor’s three mines uranium policy looks likely to end. Annual revenue of about $53 million based on present prices and exchange rates could be generated from a proposed production rate of 1200 tonnes of yellowcake a year. Anzoil gets a drilling PERTH-BASED oil company Anzoil NL began drilling operations in northern Vietnam’s Hanoi basin this week. It is the first such program in the area in more than 10 years, according to officials. To mark the start of drilling in the Tien Hai oil and gas field, a spudding ceremony was held in rice paddies near Thai Binh, 100 kilometres from the Vietnamese capital. The area, which extends from Hanoi into the Gulf of Tonkin, was previously explored without significant success by a Soviet-Vietnamese venture in the 1970s and 1980s. Anzoil Chairman Jaap Poll said the chances of success are significantly greater than the industry had 15 to 20 years ago as new findings had indicated potentially large deposits. Herd moves on FOODLAND has announced that Trevor Herd has resigned as a director of both Progressive and its parent Foodland Associated of Western Australia. Mr Herd is the former managing director of Progressive Enterprises.

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