MINING
In the diamond industry of the Union of South Africa at the end- of 1931, stones to the phenomenal value of about £312,000,000, had been produced.
Th© total mineral wealth produced in the Union up to end of 1931 amounted to close upon £1,600,000,000 of which approximately 71.8 per cent, was gold; 19.6 per cent, diamonds, 5.7 per cent, coal and 2.9 per cent, in respect of other minerals. Present indications point to the 1932 output being slightly under £54,000,00P which is the lowest level reached since 1923/
A RECORD RETURN.
The Hercules quartz mine at Bendj co. crushing ore from a depth of 1720 ft., secured for the week ending November 26th. 8911 oz. of gold from)173 tons of ore. The recovery aver- ’ ' aged out at soz. 3dwt. to the ton. The preceding week’s return was 6570 z. The fonner return creates a - new record for the depth. Some years ago the New Chum mine at Bendigo worked a reef at 4280 ft., the greatest depth worked in the world. From a ueief ; 3000fi. down this mine paid £9O 000 in dividends
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Hokitika Guardian, 10 December 1932, Page 4
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184MINING Hokitika Guardian, 10 December 1932, Page 4
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