BUEOLO OUTPLT
A REMARKABLE RECORD. £1,000,000 MARK APPROACHED. LAST YEAR’S PRODUCTION. Bulolo Gold Dredging, Umited, New Guinea, which began operations less than three years ago, has now reached a stage where its annual production approaches in value £1,000,000 in Australian currency. This is a remarkable achievement considering the difficulties encountered before the producing .point was reached. The company was dependent entirely on air transport from the New Guinea coast for its machinery and the dredges were carried piecemeal and assembled on the property. Four dredges are now operating and the construction of at least two new dredges is contemplated. To date ,12,000 tons of freight have been carried bv air.
For the year ended (December, ,1934, a total cf 108,278 fine oz. of gold was produced. The output in fine oz. for the first half of 1933 is not available, but the yield for the last half of the year was 45,1550 z. From June to December, 1934, a total of 64,603 fine oz. was produced. The (total value of the output in 1934 was £920,361 in Australian currency, compared with £675,433 in the previous year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19350204.2.87
Bibliographic details
Wanganui Chronicle, Volume 79, Issue 29, 4 February 1935, Page 8
Word Count
186BUEOLO OUTPLT Wanganui Chronicle, Volume 79, Issue 29, 4 February 1935, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.