Bulolo, Ng
p. 110 · Read in the full issue
Gold Production In
The following figures show the result of operations by Bulolo Gold Dredging Ltd., in New Guinea, in the 12 months ended May 31, 1951. Similar figures for the same period of 1950 are added for comparison:— Mav S 3i nd6 i nr, b IQ cA Yardaee oZtt 13 ’ 615 ’ 000 fine gold .. 68,229 71,632 Value at $35 per 0z... $2,388,015 $2,507,138 Value per yard 19.38 c 18.41 c , , Due to low grade of the small remaining amount of gravel re-4 serves ahead of dredges Nos. 3 and 6, and the rising cost of operations; these two dredges were permanently closed down during May and pro portionate reduction made of the company’s staff.
Negotiations towards a settlement of employees’ demands for higher
wages continued from April 21 to June 15 when an agreement was reached. During that period em ployees refused to work the dredges on Saturdays and Sundays. How ever, on June 16 dredging on seven days a week was resumed.