Mining in Australia and New Zealand
In 1882 he became a partner, with Walter Russell Hall and Thomas Skarratt Hall, in a syndicate with Thomas, Frederick and Edwin Morgan when they opened a mine on Ironstone Mountain (later renamed Mount Morgan), 24 miles (39 km) south of Rockhampton. There was a significant deposit at Mt Morgan. In October 1886, the syndicate became the Mount Morgan Gold Mining Company, with D'Arcy a director and the largest shareholder. He held 125,000 shares in his own name and 233,000 in trust. At one stage the shares reached £17/1s/- each, making them worth more than £6 million (an amount equivalent to £496 million in present day terms). The company also worked a rich gold mine at Matakanui, Central Otago, New Zealand, through its subsidiary the Mount Morgan Sluicing Company.
Read more about this topic: William Knox D'Arcy
Famous quotes containing the words mining, australia and/or zealand:
“For every nineteenth-century middle-class family that protected its wife and child within the family circle, there was an Irish or a German girl scrubbing floors in that home, a Welsh boy mining coal to keep the home-baked goodies warm, a black girl doing the family laundry, a black mother and child picking cotton to be made into clothes for the family, and a Jewish or an Italian daughter in a sweatshop making “ladies” dresses or artificial flowers for the family to purchase.”
—Stephanie Coontz (20th century)
“I like Australia less and less. The hateful newness, the democratic conceit, every man a little pope of perfection.”
—D.H. (David Herbert)
“Teasing is universal. Anthropologists have found the same fundamental patterns of teasing among New Zealand aborigine children and inner-city kids on the playgrounds of Philadelphia.”
—Lawrence Kutner (20th century)