GOLD MINE ON WEST COAST
Exploitation Suggested
(New Zealand Press Association) GREYMOUTH, March 18. The revival of the Waiuta quartz mine as a national undertaking is to be advocated by the Greymouth. Borough Council. The council agreed last evening that the gold mine, the centre of the Waiuta township, now a ghost town, could become a successful State enterprise and could provide employment at a time when opportunities were becoming restricted, as well as providing the Government with gold to obtain overseas funds.
Cr. J. L. Patterson, who sponsored the proposal, said that the company which had developed the mine had never lost money on the venture, but declined to invest the extra capital required to restore a collapsed shaft. . “It might cost the Government half a million to get it going again. But there is half a million in gold there,” he said. Gold remained in the mine, with prospects of an extension of the gold seam.
The council agreed to write to the Minister of Mines (Mr Hackett), asking for an investigation as to whether it would pay the Government to take over the mine and develop it
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Bibliographic details
Press, Volume XCVII, Issue 28539, 19 March 1958, Page 19
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190GOLD MINE ON WEST COAST Press, Volume XCVII, Issue 28539, 19 March 1958, Page 19
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