The massive Macraes gold mine in Otago covers many hectares of land and includes several giant pits, plus roading, machinery, buildings and other infrastructure. This is all ‘physical capital’ – often the biggest capital component of a primary sector industry.
Using this item
Otago Daily Times
Reference: 26 December 2004, p. 27
Photograph by Stephen Jaquiery
Permission of the Otago Daily Times must be obtained before any re-use of this image.