Book Description

Excerpt from The Mining Magazine, Vol. 6: From January to June, 1912 Rhodesia. The November statistics show a further decrease in gold production, being 1143 ounces less than October, and 2784 less than September. The November output was worth as against in August. The decrease is due to small changes at a number of mines and does not reflect any pronounced decline at any one property. Rhodesian dividends in 1911 amounted to as against in 1910. Among the contributors are the Wankie colliery and the Rhodesia chrome mine. The influence of public opinion is shown by the voluntary withdrawal, by the board of directors of the Amalgamated Properties of Rhodesia, of the provision conferring upon the directors the power to increase the capi tal of the company without the consent of the shareholders. A resolution to this effect is to be officially submitted at the general meeting on January 25. At that meeting Dr. Hans Sauer will make an explanation. It is ur gently required. Shamva shares have been weak owing to realizations on the part of well informed speculators. Even some good news concern ing the third adit did not raise the quotation. Irresponsible scribblers write concerning this deposit as if it were a lode likely to be persis tent to great depth it is an irregular deposit of interlacing quartz stringers in a shear-zone traversing a quartzitic sandstone. Such a for mation has larger dimensions laterally than vertically. The Shamva is a valuable mine, but, like others in Rhodesia, it has been the victim of robust optimism. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.