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The lode's oxidized capping was so rich and soft that it seemed to be a freak
deposit of alluvial tin, offering quick profits. Isolation and muddy mountain roads
ate those profits. The company spent £7,600 of shareholders' capital and then ...
The Mount Morgan Gold Mining Company had no reserve fund, having paid all
profits to the shareholders. To finance the smelter they had to take steps that
would indirectly lower the price of shares. As all shares were fully paid to £1 the ...
Dearer wages and higher costs of mining had cut profits; that was the first step in
decline. It could have been met by increasing output and introducing the latest
machinery, but once Kalgoorlie failed to meet this challenge the vicious circle of ...
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LibraryThing ReviewUser Review - nandadevi - LibraryThing
The history of mining is central to Australian history, from the gold rushes of the 1860's which brought hundreds of thousand of immigrants, to the mountain ranges of iron ore and immense natural gas ... Read full review