MINING.

Otago Daily Times, Issue 17341, 14 June 1918, Page 6

MINING.

At a meeting of the Electric Gold Dredging Company held yesterday, a resolution was passed authorising the directors, if they thought it desirable, to take steps for placing the company in voluntary liquidation. The Talisman Consolidated Gold Mining Company during May crushed and treated 1520 tons of ore for a return of bullion valued at £10,281 6s Bd. Compared with the return for the corresponding period of last year, when 1710 tons yielded £12,395 4s 4d, this shows a decrease of £2113 17s Bd. The co6ts for the past month totalled £3 lis lid per ton, made up as follows:— Mine development, 18s 7d; mining, 255; millings 22s lOd; general expenses, 5s 6d. The total amount won from the mine to date is _ £2,834,304 13s lOd, mid dividends, etc!, paid amount to £1,116,664 17s 6d. The following information has been cabled to the London office of the company:—"No. 15 level —South drive: Progress, 18ft; width of reef, 69in; value per ton, £4 15s. No. 16 level—North drive : Progress, 37ft; width of reef, 42in; value, 14b 2d. Exports of gold from Australia last year exceeded lli millions sterling, a little more than a million abovo the exports for 191516. The greater part of last year's gold went to North America—viz.. six millions to Car Ada and four and a-half millions to the United States. Probably the greater part of the Canadian lot found its way to the United States in order to help pay for our imports from that country. A comparison of exports of gold over recent years is appended:—l9l3, £3.468.920; 1914-15 £2,624,850; 1915-16, £10,555,258; 1916-17, £11.612.297. The quantities and value of minerals produced in Tasmania during the first quarter of 1918 were as follow:—Gold, 3410.296 fine 07„, £14,486; silver-lead ore, 950.6 tons. £15.647; blister copper, 1460 tons, £193.896: copper and ooirper ore. 194.17 tons. £2194: tin ore. 470.375 tons, £97.820: coal, 13.325 tons, £8368: wolfram. 37.46 tons, £6878: bismuth. .425 ton, £82; iron pyrites. 2161.24 tons. £2004; «cheplite. 58.1 tons. £10,490: osmiridium. 298.4990z. £5898: asbestos. 700 tons, £700: barytes, 99 tons. £446. Total value. £384,049, as compared with £382,952 for the corresponding qyciior of 1917.