Production
p. 87 · Read in the full issue
Decline in Bulolo Production
PRODUCTION of Bulolo Gold Dredg ing, Ltd., New Guinea, for the year ended May 31 was 2,396 oz. less, at 71,395 oz. fine, than that for the previous year.
The dredges haridled 2,749,940 cubic yards more than in 1948-49, but this was more than offset by a decrease in grade of 5.42 cents to 18.35 cents a cubic yard.
The value of the output was 2,498,825 dollars (£A1,115,546)—a decrease of 83,860 dollars.
The first phase of the salvage of No. 5 dredge, which capsized last year, indi cates that the structural damage was less than might have been expected. Salvage work was proceeding satisfactorily.