MINING NEWS
KANIERI COLD DREDGE
Directors of Kanieri Gold Dredging Ltd (N.Z.), anticipate that the dredge will be ready to commence operations at the beginning of 1938. Electrically operated, the dredge will be fitted with 18-cubic-feet buckets, capable of digging and treating 400,000 cubic yards monthly. The design includes the most modern type of gold-saving plant. Calculations have been based on gold valued at £4 16s sterling or £6 New Zealand per ounce, which the directors consider sufficiently conservative to cover any variation in the London price of gold- and/or any variation in the existing exchange rate.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 14
Word Count
97MINING NEWS Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 14
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