Caledonia

Japanese Active In New Caledonia

A JAPANESE syndicate is engaged in negotiating the purchase of an im portant mining property in New Caledonia, owned by two residents of the island (said the “Bulletin du Commerce” late in February). The transaction will represent a sum of more than 20 million francs (about £150,000). Three Japanese experts left Japan by the “Naniwa Maru” on February 26, for Noumea, to study the mining property.

The Oceania Mining Company (already operating in New Caledonia) has just received 1,500 tons of equipment and eight experts from Japan, wherewith to modernise the nickel workings at Ouli- Oulie and Yamato, at Kua.