Hamersley Holdings Limited - 1977 dated $1000 Australian Mining Bond - Australia

Inv# FB6748 Bond

Country: Australia

Denomination: $1,000US

State(s): Outside North America

Years: 1977

Color: Blue

$1,000 Bond. In relation to this item, Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assets for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto, and Robe River Iron Associates, an unincorporated joint venture between Rio (53% and operator since 2000) and three Japanese steel companies Mitsui Iron Ore Development P/L (33%), Nippon Steel Australia P/L (10.5%) and Sumitomo Metal Australia P/L (3.5%). All of these companies are involved in the mining of iron ore, predominantly from the Pilbara region of Western Australia.

In 2004, Rio Tinto announced that Robe and Hamersley would start merging operations under the new Pilbara Iron entity. The concept had been tested by the formation of Pilbara Rail in 2001, which generated more than $16 million in savings. Pilbara Rail was folded into Pilbara Iron in 2005. Each company continues to market products separately and retains ownership and profits from the underlying mines, as well as strategic development of their own mineral resources. Current mine sites

Mine sites currently operating:

All iron ore mined at the sites is transported on the Hamersley & Robe River railway, one of the world's largest privately owned railroads to either the port of Dampier, Western Australia or Cape Lambert near Wickham, Western Australia. From there the ore is shipped across the world, with China and Japan the largest markets as of 2007.

Historical events

May 1967 - Hamersley Holdings Limited shares list on the ASX
May 1974 - Hamersley Europe Pty. Limited incorporated

Film Red Dog

The film Red Dog, based on stories about an actual wandering dog of the Pilbara region, was made at Hamersley Iron locations. Read more at https://en.wikipedia.org/wiki/Pilbara_Iron

Read Less

Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.

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