PM Transcripts

PRIME MAI~ iSTER PRESS STATEMENT NO. 572
October 1975
THE RANGER URANIUM PROJECT IN THE N4ORTHIERN TERRITORY
The Prime Minister, Mr Whitlaxn, the Minister for
Minerals and Energy, Mr Connor, the. Treasurer, Mr Hayden
and Mr Mackay of Electrolytic Zinc Company of Australasia
Ltd and Mr Proud of Peko Mines Ltd announced today the
results of the discussions they have been having on the
Ranger Uranium Project in the Northern Territory.
On 31 October 1974 the Mini er for I inerals and
Energy announced that agreempnt had b4nreach with
Peko Mines Ltd and Electrolytic Zincqc, kpany o
Australasia Ltd on the terms for the financing and construction
of the Ranger uranium project in the Northern Territory.
Peko/ EZ subsequently sought further discussions
with the Government to clarify in their mind the meaning
of some of the terms agreed to in October of last year.
These discussions have been held for the past three days
and understanding has been reached with Peko/ EZ on the
principles of the arrangements necessary for the development
of the Ranger project. These very productive discussions
with Peko/ EZ clear the way for further development of
the project. The next steps will be a series of
discussions between Government and company representatives
for the purpose of drawing up detailed formal agreements
covering the project.
Further development of the project is subject,
of course, to the outcome of the Ranger Uranium Environmental
Inquiry headed by Mr Justice Fox.
CANBERRA, A. C. T.