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Fosterville Gold Mine is a gold mine east of Bendigo in the Australian state of Victoria. As of 2022, it was the largest gold mine in Victoria. [1] The current mine was established by Newmarket Gold. Newmarket was taken over by Kirkland Lake Gold in 2016, and in turn that merged with Agnico Eagle Mines Limited in 2022.
Bendigo Reefs longitudinal cross section (east-west) Thomas Logan (1836-1897) was born in St Bees, Cumberland. [13] After the gold rush in Victoria he came to Otago and worked as an alluvial miner. In 1863, Logan began to prospect the lower slopes of Bendigo Hill, searching for quartz reefs from which the alluvial gold had been liberated.
The Bendigo Petition was an attempt by miners in the colony of Victoria (now part of the Commonwealth of Australia) to demand reasonable limits to taxation and improved access to land from Governor La Trobe, a representative of the British Government. In particular the miners requested reform of license fees applicable to miners on the gold fields.
The Bendigo Goldfields around the original Bendigo settlement became one of the country's richest, yielding an estimated 15 to 50 ounces (0.4 to 1.4 kg) of gold per week. The initial alluvial gold was rapidly played out, but quartz reefs bearing the precious metal were discovered by Thomas Logan in 1863 and many mine shafts were sunk into the ...
The mine was opened in 1939 by the Central Deborah Gold Mining Company during a 1930s revival of the gold industry, extending an existing 108 ft shaft from many years earlier with new machinery. It was one of the last mines to open on the Bendigo goldfields and one of the few to stay open during World War II. It was expanded during 1945–46 ...
The slump in gold production never recovered. Gold mining ceased in Stawell in 1920, but recommenced in 1982 and continued into the 21st century. [32] However, as of 2005 the recent increase in the gold price has seen a resurgence in commercial mining activity with mining resuming in both of the major fields of Bendigo and Ballarat.
The term fixed deposit is most commonly used in India and the United States. It is known as a term deposit or time deposit in Canada, Australia, New Zealand, and as a bond in the United Kingdom. A fixed deposit means that the money cannot be withdrawn before maturity unlike a recurring deposit or a demand deposit. Due to this limitation, some ...
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