Details about Charters Towers City Council Works Program Budget for 1952/1953 Financial Year

Below is an extract about Charters Towers from the Townsville Daily Bulletin newspaper on Saturday, 22nd March 1952:

CHARTERS TOWERS, March21. — Charters Towers City Council works programme during thefinancial year 1962-53 is expectedto cost £23,000. Application to the Department of the Co-ordinator General of Public Works for loans totalling this amount has been made. The £23,000 is to be expended on bitumen surfacing of the city streets (£11,600), the mechanization of the sanitary cleansing service (£8,400), Improvements and additions to the city swimming baths (2.500), and the eradication of mosquito breeding areas (£600). The bitumen surfacing of streets is estimated to cost £17,600. However, In making application for a loan during the financial year of 1952-53, the Council has only had to apply for a loan of £11600 to cover the cost. A Government debenture loan of£4,000, together with a subsidy of£2,000, has already been granted. The Charters Towers Fire Brigade Board has received advice from the Government of approval for the calling of tenders for a fire engine and extension ladder. With a view to providing some permanent recognition of a memorial to the humane work carried out In Charters Towers by Mr.George Foy, the Charters Towers City Council is to open a subscription list at the City Hall. Council took this decision at its monthly meeting. The Mayor(Alderman J. D. Cunningham) said that tbe money raised wouldbe used in making a permanent record to the history of ChartersTowers of the valuable and kindly work performed by the late Mr.Foy. It Is probable that the Council record will be In the form of amonument on Mr. Foy’s Grave.

Charters Towers Mentioned in Australian and New Zealand Gazette Newspaper

This is an extract from the Australian and New Zealand Gazette Newspaper dated May 12th, 1877:

Intelligence from Charters Towers. A correspondent says the crushings on this goldfield have lately yielded far above the average good returns to which we have been accustomed to some time past. And all these good crushings are from the deep ground, at an average depth of from 150 feet to 200 feet perpendicular; and in some instances from reefs which have not been worked at the surface because they would not pay to work, and in others from reefs which, though worked from the surface, have not shown such a permanency of good stone as at this greater depth. Some of the front claims on some of the best lines of reefs are already worked out. The principal front claims on the St Patrick line of reef are worked out, or rather work to that extent that the shareholders did not think it worth their while to work on any further, and in some cases have sold their claims to working men who expect for some time to come to make good wages in them. Altogether Charters Towers never looked so prosperous. Numbers of reefs which have been lying idle for the last two or three years as worthless are being taken up and deep shafts being put down on them with a view to bottoming on mundic, and the mundic on this field has as yet rarely deceived its seekers. All our machines are in full swing and their proprietors evidently doing well, charges for crushing being between 14 S, and 1L, the latter charge including crushing and putting the blanketings through Denny’s pulverisers.

I referred recently to a discovery of tin being made between sixty or seventy miles from Charters Towers. Some twelve or twenty men have already gone from here and taken up selections. The principal selections are being taken up on a running creek, a western branch of the Star River, and distant about fifteen miles west-north-west from the Star Station. The creek cannot be worked at present, there being too much water; but those who have pegged out selections intend immediately the creek runs down to go in and test it. Great hopes are entertained of a successful issue, the creek being generally about one hundred yards wide, and, according to the prospectors, wash from two to three feet thick. Some of those who have just returned tell me that high up on the beach the wash is a foot thick.

Stopping Live Exports Will Kill Small Towns Such As Charters Towers

Community leaders have warned that small towns such as Charters Towers will be destroyed by the loss of many jobs if cattle stations were to go broke. Should the exporting of live cattle to Indonesia be stopped then this is a likely scenario.

Northern Australia councillors and mayors pleaded that the federal government maintain the live export trade and instead of banning the industry asked for better training of abattoir workers in Indonesia to help ensure the humane slaughtering of cattle and other livestock. They also want stunning equipment to be used in the abattoirs of Indonesia.

Ben Callcott, mayor of Charters Towers Regional Council, stated that the cattle industry is extremely important to his region being the second biggest industry in his council behind only mining. He warns that it is the cattle across northern Australia which is keeping the country alive and well.

Closing live exports to Indonesia will surely result in dire consequences. It will devastate northern Australian towns such as Charters Towers since around 70% of cattle workers are reliant on sending cattle to the Indonesian market.

Charters Towers Gold Project Has Citi Gold Seeking Up To $100 Million

The ASX listed company CitiGold has advised the market of its intentions to raise around $100 million to develop its gold project in Charters Towers, Queensland.

EBA (Euram Bank Asia) has now been appointed by CitiGold as the financial adviser to assist with implementing the best financial structure for the raising and development funding of this gold project.

The capital raising would be coordinated by EBA with them likely to include equity, debt, joint venture, hybrids or a combination as funding options.

A key purpose of the $100 million development funding was the high grade gold deposits reopening in the central City mine area which is located underneath Charters Towers. This would also mean that the current Imperial mining area would also be increased which will then provide two major mines adjacent that are able to access the majority of the projects 10 million ounces of resources.

There are two sites operated by CitiGold at the Charters Towers site which include the gold extraction plant and underground mine.

– Full Story:
http://www.miningweekly.com/article/citigold-seeks-up-to-100m-for-charters-towers-gold-project-2011-06-01