MT. LYELL MINING.

Auckland Star, Volume LXXI, Issue 310, 31 December 1940, Page 4

MT. LYELL MINING.

LARGER TONNAGES HANDLED. How the Mount Lyell Mining and Railway Company. Limited, and its subsidiaries extended their activities in the last year, was described by the chairman. Mr. : ,; "a'"'™ Hunt, at the annual meetine at Melbourne. b l.^u i treat n>ent operations at Mount Lyell during tne year resulted In larger toniuen of ore being handled." he said "Copper n?Sdu?! the" JS* a^ eCt * d by the lowcr av«ig P egr P ade of !£! ?£ e - ° rc reserves, as calculated at Bentemberu3o. were 162.000 tons higher ton 12 months M'S en'V'the In,connection with the price of coppeV has-been o d r'w e hlch UP hai «S The Increase recorded In the net Drnflf wh<<->« S5? nS.I?^ 095 - ° r £ ~ 9 »« SgheTthanI tnTt^rt £ ears .: was referred to in the "Star" SS?h 7.'. U * ha ,« been *«*W to wise the dividend rate to 10 per cent, or 2/ per ■ham fc» 2K&-**£■■£. WUI be £28.09? 22? n S?„.f°2 r 7?, en L es - The undivided profits carried forward will then appear at £318 510 1933 MM si : Sap:«* »fc«S 2-i i»Jj 1,37D,60l 495.858 17 AM i 0„, „.'? 1835 1.404,502 629 51? 22'.632 Ufa 1 ? 1936 1.436,881 569,682 43 55* in?'?ai i 2'» 1937 1.509.563 618 Sla 92 998 1711938 1.543,906 691.115 38 300 111 1939 1.588,863 729.045 55 665 161 189 7 ? 1940 1,616.788 702,754 6M25 lo'* cxpenMS compare with tDtal revenue as Working expenses. Revenue. Ratio. llli'll «i?-?? 5 H&™ £'.01 1938 W S?iil? 932.660 74 .10 lf,?oIn 3?2 045 1.010.808 72 12 1939-40 782,754 1,098*24 7i 26