MINING NEWS

New Zealand Herald, Volume LXXV, Issue 23072, 24 June 1938, Page 7

MINING NEWS

KOMATA REEFS' DIVIDEND . -r The ; New Zealand registrar of Komata Beefs Gold Mining Company, Limited, Mr. J. H. G. Banks, haa been advised by cablegram from London that a final dividend has been declared of 3d a share, free of tax, on account of the year ended March 31, 1938, payable on July 12. The distribu-; tion for the year is 6d a share of 2s, equal to 26 per cent, unchanged. The, company one© mined at Ohinemuri, but. now holds interests in gold and tin overseas. v ••!•*«■ - - . rf ~•' > YIELDS OF COMPANIES \.J Moonlight Goldfields , IOOJoz, for 400 hours' sluicing. ''-■j GILLESPIE'S BEACH [by telegraph—press association] ?•? WELLINGTON, Thursday A dividend of Id a share, payabfiion Juno 30, has been declared by lespie's Beach Gold Dredging Company,: Limited, South Wcstland. The rate, equivalent to 8 1-3 per cent, is unchanged. FIJI OPERATIONS The directors of Loloioa (Fiji) Gold* Mines, N.L., have connidered increasing the capacity of the present treatment plant, and, with this in mind;.i have approved the sinking of a new main shaft at a point about 2Poft. east nf No. 8 prospecting shaft. The new main shaft will obviate a considerable amount of driving at each successive level in order to reach the downward continuation of tbe oro body going?/ underfoot at the 224 ft. level. > " To improve extraction, additional, agitators, aerators, and pumps, to*" gother with flotation cells, are installed. These additions will also vide ' for treatment of tbe residues which were accumulated inn tho raw treatment of the ore in; : '- tho early stages of milling operations- .4 REPORTS OF MANAGERS Mount Lyell (Tasmania),—Fortnight ended June 8: Mines—Tons extracted—North Lyelf,;, 3385; Crown Lycll, 1477; West Lyelj, 28,198; Lyell Comstock, 3480. No. 0 level, north drive 1 ') to 142 ft. through mineralised scMsti west crosscut to 28ft, through heavily mineralised schist: No. 2 mullock pass rise to 48ft. through ore; No. 10 leveV, cutting plat in progress. ductlon works: Furnace in blast for fplJ;; period; 8116 tons refinery anodes made for ~ current year. Concentrator* Mil! operated 83Q*" hours and treated 38,330 tons ore. Pro&cteg 1 ? as JS? .Jag? 516 tons copper produced, Total for current -, year, 8325 tons. j