N.S.W. MINERALS
PRODUCTION FOR 1927 By Cable. —Press Association. — Copyright. SYDNEY, Friday. The estimated value of the minerals won in New South Wales in 1927 was £18,497,000, a decrease of £444,000, compared with 1926. The quantity of coal won last year was 11,000,000 tons, valued at the pitmouth at £9,782,000. This value is the highest on record. The value of the output of silver, lead and zinc was £4,484,000, a decline of £1,264,000. The iron and steel manufacturing industry continues to expand. The output from ores mined in New South Wales in 1927 was 119,000 tons, valued at £654,000, an increase of £75,000, compared with the previous year. The yield of gold amounted to 18,032 fine ounces, valued at £76,000. A new British-Australian company has been formed to develop the iron and steel industry at Port Kembla. Two leading British companies and two Australian companies are co-op-erating, and they will supply an initial capital of £5,000,000 to develop the industry. The total capital resources of the combined organisation will exceed £23,000,000.—A. and N.Z.
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Sun (Auckland), Volume I, Issue 300, 10 March 1928, Page 12
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173N.S.W. MINERALS Sun (Auckland), Volume I, Issue 300, 10 March 1928, Page 12
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