MINING NEWS.

Auckland Star, Volume LXX, Issue 75, 30 March 1939, Page 8

MINING NEWS.

MATAKI DREDGING. shareholders at * annual iy«*oti«£ «f ibje Mat alii Gold ins Company," M ,c Chairman of .lirectors, Mr. V. o.- Maliohy. £ahl he regretted that ]j«- not eontirm Ik>|h*s |RTTioufly «• pr«*>sed jo shaix*ii<'Werf thai 3lk* falling away in values vrouKl be «*tily lemporaryTin* drediro was now working in a bad l»al«h. whiHi \va< shallow with a pa?" Imttom. ::nd this \v«*nM Inst f«r ;i U-vr wwK Tin- couit*inai ion ~f H«.ods ami i«H»r ground !ia«l mad** lliiics difficult f<«r the company, l»ut «*very endeavour was bein;r ina\2e to pxi'wlilc the of the drcd;e 10 Ihlht ground ab«-.nl. The delay in the delivery of the new Li<ld<T and Paefjel «»ndne alftii had retarded The znanacinc dir«-cior was on the ground, and wn> <ioinc jnn?<iblc to improi* the .position. t DELAY AT NEW RIVER. Owinjr to dry weather Hie waller in Now HSvrr paddock on the Weft Coast of the South Island Las fallen too low to permit dredjrinjr. LOWER RAWANG PAYMENT. Rawang Tin Field*. Limited (Malar), ha? ilrrlnrol a Jin.il ilivltjpml «f 3 J<3. flrrlinSa share. payable on April 3". makinc "d a share, or 2 5 jv>r cent. (or the year ended March 31. Last year's payment equalled !1 per cent. I MINE MANAGERS' REPORTS. Alovtin<l«T Mines.—-Report f<ir week ending 23: —No. 5 intermediate drive; Advnii**,-d sft. making ls4ft north of winze. F*»r Ihe l:i«5 lift ilic reef ttrrtfflf tirol*ea into a few quartz leader*. the wid<vl h*-iti£ •'■in. Work in lite intermediate lerrt has lw-,-11 r-topp**d. x\ I]il«> a ri*** will He ooidin« i, i«tMl from flic it.u-k of Ni». <• Icrri to *un <•<■* villi (he i m er:n«"<iimc lerel. Sloping: < lj*eriat ions hnve been confined t.i tile s-coiid ami tliird tlopm ialoiro the intermediate lev,*] (north end I. Wadth <» "tone on s»Ms«n»l st<ijM- 3ft *»in. Width ol stone on Jliinl stope ."•<'in. During the week ::>• tons of en l were tran*j««rted Jo the lia 11. r v. Moiint 1 .veil (Tasmania >.— Fortnight en,!, ,! Mar, it 15—Mines, tons extracted: Norlli l.idl 22»2. <"t..tv n 2<<6L Wert l.y. ll 32.7 jr.- I.J ell Cmiist.i-k 3454. Keduction w,.rk- Furnace in blast full pori ( »d 4S7<> t"tis r, iinery anode. made for Cttrrent year. <'oiieentrator : Mill operated 3.1C hours an.l tr.'.i;-.l 41.«23 tons err. produriiii; -J",, tojij. concent rates. Copper relifiery : TanKhouse in operation t period, jl'2 tons <-.itlio<i.- ,-oppi r produced. Total for current year. 5372 tons. COMPANY YIELD. Grej- Hirer.—23Soz for 131 iiours aud SG,4sl'yds.