Mining In Papua
p. 70 · Read in the full issue
From Our Own Correspondent.
Pt. Moresby, Dec. 7.
Activities on the Lakekamu Goldfields are steadily increasing, and the com munity there is growing quickly.
Several Europeans have passed through lately to join Mr. Nason-Jones, and it is reported that 200 native labourers are on their way to enlarge and complete the Bulldog landings for Guinea Airways, at Lakekamu.
It is reported that prospectors of the Oroville Dredging Co. Ltd. (a company recently registered in Papua, with a capi tal of £740,000 in 3,700,000 shares of 4/each, and incorporated in Great Britain) intend to operate in the near future from a base on the Palmer Junction of the Fly, and to work gradually eastwards, prospecting as they go.
The report of New Misima Gold Mines Ltd., for September shows 1312 tons of ore put through the mill, yielding 973 tons of sand and 339 tons of slime for gold bullion valued at approximately
£3610/14/2, Australian currency. Two dividends of 1/6 per share each have been declared.