Again
p. 13 · Read in the full issue
N. Guinea Gold
After Five Years
GOLD is coming out of New Guinea again—but slowly.
BGD recommenced dredging this year—with No. 1 on February 20, and No. 2 on April 13. To June 1, they handled 720,000 cubic yards of gravel, and got gold worth 469,153 United States dollars (with gold at 35 dollars per ounce).
The other six dredges cannot be brought back into operation yet because of delay in getting equipment from America.
BGD’s eight dredges and two hydro electric stations closed down on February 22, 1942, when the Japs invaded the Morobe district, and the whole installation suffered much damage from bombs, “scorched earth,” looting and what-not.