KAITANGATA MINES.
PROSPECT OF RE-OPENING
By Telograph—Press Association. DUNEDIN, March 17. It is authoritatively stated that an option over-the Kaitangata mines, raiiwav lime, freehold and leases, p ant machinery has been secured from rue English Company by Mr John G. Ned, of Dunedin. The Orepuki shale wo'rks are not included in the option. It is intended to at once float a strongly capitalised compr.v to acquire this option, and to re-open the mines almost immediately. Arrangements have been made whereby the money for the miners’ back wages will be available as soon as the proposed company goes to allotment. This news iis stimulating in more ways than one. It gives firm hope of restoring Kaitaugata. It means that if expectations are realised, as it may reasonably be supposed, they will be,' these mines will ; gain assist. t enrich local resources; it is an indie ation that the old spirit of enterprise once distinctive o| Otago, still W B **
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https://paperspast.natlib.govt.nz/newspapers/THD19270318.2.33
Bibliographic details
Timaru Herald, Volume CXXIII, 18 March 1927, Page 8
Word Count
158KAITANGATA MINES. Timaru Herald, Volume CXXIII, 18 March 1927, Page 8
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