Gold fever returns
New Zealand [MINING]
As the price of gold tops US$1,000 an ounce, miners in the small town of Thames – on the Coromandel Peninsula in New Zealand – are eyeing up their mudflats. Although in recent times the town’s main industry has been a Toyota plant, it was the centre of a goldrush in the 1860s. But Victorian mining techniques were rudimentary, and it’s thought 40 per cent of the gold extracted during the last boom washed down into the Firth of Thames.
One effort to get the gold out of the mud in the 1900s managed to dig up…