Boer Politics by Yves Guyot
page 63 of 167 (37%)
page 63 of 167 (37%)
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gold mining beneath them, let alone that they have not the capacity for
it. They leave it to the Uitlanders: all the same, Dr. Kuyper holds it just that it is they who should take the profit. [Footnote 12: _Le Siècle_, 3rd April, 1900.] 2.--_The Proportion of Gold per Ton._ Gold ore is found in infinitesimal quantities in large deposits of waste matter. In 1898 of the 77 Gold Mining Companies at work, three-fourths reported a yield of 1/2 oz. per ton; some only 6 to 7 dwts. per ton. Consequently we find mines worked where one ton of rock will yield 1/2 oz. of ore, or perhaps only half as much. There are other mines which swallow up the capital, and give no return at all. 3.--_Cost of Production._ In 1892 gold producing in the Transvaal cost 35s. 6d. per ton; in 1897 the cost was reduced to 28s. 6d.; in 1898 to 27s. 6d. This reduction of cost is in no way due to any reforms made by the Government, but to improvements in the methods employed, and especially to the more extensive use of compressed air drills. Out of 8,965,960 tons of ore raised in the Witwatersrand nearly 18.2 per cent. had to be thrown out; that is: about 1,634,500 tons of ore were rejected as sterile. In some cases the proportion of sterile ore has amounted to as much as 40 per cent. The cost of production from the deep levels is 34s. 6d. Out of the profits of each month, expenses and |
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