Mining news
WIELLINGTON SHA.EE M.VRKOT: The quotations for mining shares yesterday wero as under:— Buyci-e. Sellers. £ s. d. £ 5. d. Murray Creek — 1 17 6 Talisman — 0 8 9 tWaihi 1 14 0 115 0 tEx dividend. WAlill GOLD MINING tfjCO. : "By Telegraph—Prc£.s Association. i Auckland, March 1. Tho Auckland aUvriieys oi the Waihi Gold Mining Company rsjjort that ■ there. \ is an iiusrcasias dilficuHy in obtainne i mining material, stores, ar.d labour, whiio i the requß3t of the Imperial authorities in ! that ruining companies should, for u«- | tional benolit, maintain the gold output, ! at too highest point. In tho compaosy s j mine considerable developmental, work has I always been carried on alongside the re- i gular'work of supplying: batteries wil.ii | ore, This polloy has .resultod in oro re-ii serves being new available above tho 1500 ft. i level fo.v several years ahead, practicaiiv ! 1.500,000 tojia ot payable ore being ta ! sight. In this satisfactory position tho ! mining staff advised that it would not, be I prejudicial to tho company's interest if J further shaft sinking and mino develop- i ment at and. below the 1450 ft. levol wera ! suspended until the general conditions im- ' prove.- Tis promised to relievo the work- j ing pressure, and after consideration tho \ executive of the compauy decided to ic- j cpmmond to tho London direotovs a, sus- ; pension of ■ all shafpsinking work untii j conditions are more favourable .Cabled i instructions have now been received to I carry out this programme, and wo?k ct j tho mine will therefore now bo rcEtricted ', to maintenance of the goid'output as isng ' as sufficient labour is available. '
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Dominion, Volume 10, Issue 3017, 2 March 1917, Page 8
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271Mining news Dominion, Volume 10, Issue 3017, 2 March 1917, Page 8
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