The Rise Of Australasia

Chapter 118 - One Hundred and Eighteen: Refinery and Gold (Subscribe!)

Chapter 118: Chapter One Hundred and Eighteen: Refinery and Gold (Subscribe!)

Forty-eight gold bars weighing five hundred grams each, with a total weight of twenty-four kilograms.

When converted into pounds, the total value of these gold bars is more than 3,200 pounds.

Although it doesn’t seem like much, these are actually just one-third of the daily output from the mining area.

In other words, if the gold mine production continues to grow, the new gold mine could make a profit of at least tens of thousands of pounds per day, amounting to at least over three million pounds a year.

According to the industrial sector’s division of the mining area and the estimation of gold reserves, this new gold mine has at least twenty million tons of reserves.

This could bring tens of millions or even more pounds of revenue to Australia, depending on the speed of gold mining.

The scale of the gold mine is in sync with Arthur’s plan for issuing a new currency.

Although the new currency is being planned, Arthur never imagined that it would replace the pound in Australia within a short period.

Before World War I broke out, the British Empire was still the undisputed superpower, and the position of the pound was irreplaceable, even in independent Australia.

What Arthur could do was to issue a certain scale of currency for Australia and make the new currency circulate at least within Australia’s territory.

Even within Australia and Oceania, replacing the pound with a new currency was an ambitious plan.

Therefore, Arthur set the maximum limit for the new currency issuance plan to an equivalent of twenty million pounds.

Indeed, as Adam Rot said, the speed of gold production depends not only on the refining speed at the refinery but also on the transportation quantity of gold ore and the number of workers, et cetera.

“This production level is not enough. We need to at least match our daily output from the mining area,” Arthur shook his head and commanded, “Now the mining area’s output is already over five thousand tons per day, and it will continue to increase. Under these circumstances, I hope the refinery can process at least five thousand tons of gold ore every day, so as not to waste the resources and manpower we have invested. Any issues can be reported to Minister Pierre, whether it is a lack of workers, equipment, or space, expansion can be carried out quickly. In short, I hope the refinery can match the mining area’s output as soon as possible. Can you do that, Manager Adam Rot?”

Adam Rot hurriedly nodded and said, “Please rest assured, Your Highness. As long as we have sufficient equipment, personnel, and funds, I promise to increase gold production in the shortest time.”

Adam Rot understood that Arthur’s question was not for him to answer but for him to make a firm commitment.

If he can’t successfully expand gold production with sufficient personnel, equipment, and funds, Arthur will have to change the person in charge of the refinery.

In order to secure his position, Adam Rot had to accept the difficult task no matter how arduous it was.

However, the good news is that Arthur guarantees the supply of equipment and personnel, and there will be no shortage of funds.

Under these conditions, it is not too difficult to expand gold production. At least, Adam Rot is confident that he can achieve it.

After Adam Rot’s assurance, Arthur nodded in satisfaction and instructed, “Gold production is of great importance to Australia, and it will be related to significant plans there. If we can successfully increase gold production, Adam Rot, you will also have a lot of merit. You can report any issues encountered in the process to Minister Pierre, and he will ensure the smooth expansion of the refinery.”

Adam Rot nodded repeatedly, respectfully agreeing.

The gold bars produced by the refinery will be transported to the Royal Bank’s gold vault in Sydney, one of Australia’s few cars, until they are needed.

The security of the Royal Bank’s gold vault is naturally unquestionable, and its level of security even exceeds that of the refinery.

The only worry is the journey between the refinery and the Royal Bank, but since the military is protecting it, there should be no problems, basically.