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Wednesday, 8 December 1976

Mr MALCOLM FRASER (WANNON, VICTORIA) (Prime Minister) - I have had no response from the company to this point. I am somewhat disappointed with that, especially in view of the unanimity and strength of the Senate committee's report on this matter which made it quite plain that as a result of devaluation the company would be able to continue in full production at no greater cost disadvantage to itself than if it dismissed 400 people and reduced production. Obviously, of course, if world copper prices improved further as a result of the increasing higher production, the company's position would improve much more markedly than it would if it reduced production. I have not yet had a response and I only hope that the company will be able to respond adequately to the Senate committee's report.

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