Great Mining Enterprise goes into Reverse
p. 139 · Read in the full issue
The great mining and pioneering story that began in New Guinea in the early 30’s when Bulolo Gold Dredging air-freighted into Bulolo in parts, its first dredge, and reassembled it there is now, to a limited extent, being repeated in reverse.
In June one of the dredges—Number 4—was dismantled ready for road freighting to Lae and despatch to Bolivia where it will again be air-freighted into the field of operations of another mining company (right outside the Placer Group).
At the height of its mining activity Bulolo Gold Dredging had eight dredges working in the Bulolo Valley. Now only one is work ing, while the company had switched over to timber and plywood production.
The company has sold one other of its dredges, but the others remain at Bulolo—either awaiting possible purchasers or used for the Company’s own purposes.