SOVIET COAL STRIKE
ENTERS THIRD WEEKAlmost 50,000 Soviet miners entered the third week of a strike Monday in the Ukraine and Russia, the non-official news agency Interfax said.
The strike involves 55 mines and 13,000 miners in the Ukraine, and 59 mines in the Russian republic, where 31,000 miners are refusing to work. Strikes are also under way in the Karaganda region in Kazakhstan.
Mines are striking in rotation, with some resuming work as others put down their tools, in a bid to limit financial losses to the strikers.
The miners are seeking to at least double their wages and some are calling for political action including the resignation of Soviet President
The miners have ignored union calls to return to work.
AUSTRALIA'S CRA BIDS
FOR COAL AND ALLIED
SYDNEY, Australia - Australian mining group CRA Ltd. made a 50.1 percent bid for Coal and Allied Industries Ltd., a large coal producer, CRA said Monday.
CRA already owns 14.4 percent of Coal and Allied. It bid A$7.85 a share, putting the total value of the company at A$437 million, CRA said. (On March 15, A$0.7698 equaled US$1.)
The acquisition of Coal and Allied was designed to increase CRA's position in the Hunter Valley, one of Australia's biggest coal-producing areas, said John Ralph, CRA chief executive officer.
It also would raise CRA's position as a leading exporter of steaming coal in the Pacific.
The offer of A$7.85 a share is conditional on CRA winning 50.1 percent control. Coal and Allied shares Monday closed at A$7.70, and CRA was at A$12.30.