Marketing Pacific Islands Gold
p. 65 · Read in the full issue
GOLD companies and miners in the Pacific Islands should, for their own protection, market their ore through a well-known established organisation which can be relied upon to give prompt settlement. By so doing, delays and inconvenience are avoided and full payment is assured. The Electrolytic Refining and Smelting Co., whose works are at Port Kembla, N.S.W., and Sydney office at 25 O’Connell St., is actively en gaged in purchasing and refining gold and silver and has a good record of satisfaction with a large circle of clients. The Co.’s production of refined gold is at the rate of over £1,000,000 annually.
The Electrolytic R. and S. Co. has established facilities for the receiving and handling of bullion making for absolute safety and confidence. Assay ing and refining are in charge of technicians of wide experience and the Co. has good market con
tacts in London; for example, the record price of gold in Australia—£9/4/6 net per fine oz.— was paid by the Co. in March, 1935. Gold-sellers in the Pacific Islands and New Zealand should consign their parcels to the Co.’s Sydney office, thus expediting settlement. With New Guinea and Papua, except in very unusual circumstances, settlement cheque is forwarded by outgoing mail of the same vessel. As well as unrefined gold, the company purchases slags, ashes, crucibles, etc., containing gold.
The Electrolytic Refining and Smelting Co. of Australia Ltd., was formed in 1908, primarily for the purpose of refining by an electrolytic pro cess the blister copper produced by Mt. Morgan G.M. Co., Queensland. The plant was later ex tended to handle the blister from Mt. Lyell, Hamp
den, Cloncurry, and Cobar, and became the largest refinery in the British Empire.
In 1928 the works were purchased by the Broken Hill Associated Smelters Pty. Ltd., whose lead smelting plant at Port Pirie, S.A., is one of th« most efficient in the world. Islands visitors to Australia are invited to inspect the Port Kcmbla works and witness the interesting processes in volved in producing refined gold, silver and copper from bullion, mattes and ores.—*** Rev. and Mrs. H. Boettger, of the Neuendettelsau (Lutheran) Mission Soc iety at Logaweng, New Guinea, returned to Pinschhafen, after furlough, by the Montoro early in October.