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Near Mittagong, NSW, the first attempt of establishing Iron and Steel smelting was made.
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The Victoria Iron Company opened in Victoria and was the second attempt at making a Smelting Plant.
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The Victoria Iron Company changed it's name to Lal Lal Iron Mining Co. Ltd in 1874.
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The Lal Lal Iron Mining Co. Ltd built a small blast furnace that was in use until the . Iron Locomotive Wheels were made in the blast furnace.
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The Smelting Plant closed in 1877 because it was not economical.
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The first major Australian mining and steel production company was the Broken Hill Propreitary Company Limited, established in 1885.