Fiji Gold Mines
p. 11 · Read in the full issue
Restricted Output Produces Less Profit
OPERATIONS of Fiji’s two big gold mines, Emperor and Loloma, were restricted in 1942-43, and the profits in the year ended July 31 last were:— Emperor, £A66,744, compared with £A141,795 in previous year.
Loloma, £A51,015, compared with £ A 151,138 in previous year.
A plan to merge the two companies has been under consideration but has not made much headway. The general manager, however, proposes to treat the ore from both mines in a combined mill ing plant. The Emperor milling plant, and the Loloma roaster equipment, with additions, will be used. The cost of the re-arrangement is estimated at £46,000 (Fijian), but it is expected to greatly reduce operating costs.