Mt George Iron Ore

A massive deposit of iron ore, which is also rich in titanium, vanadium, tungsten, copper and nickel, is at present being prospected in the Mt George area of Fiordland National Park, close to Deep Cove. The companies involved in the operation are Consolidated Silver Mining Company of N.Z., and until May of 1974, Carpentaria Explorations, a subsidiary of the giant American Smelting and Refining Corporation. The reason behind Carpentaria's pullout was apparently the N.Z. governments insistence to reserve the right to increase N.Z. ownership beyond the 50% level negotiated by Con. Silver.