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Show Page 2 Rocky Mtn. OIL & MINING JOURNAL Published weekly In Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Salt L ake City, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. 25$ June 2, 1969 OIL & MINING JOURNAL per copy Subscriptions $10 per year Advertising rates: $2 $2 Display Advertising Classified Advertising Phone: 298 2403 or 298 3703 ' Editor & Publisher.;.;... Circulation Manager.. i col. inch for 20 wds .? f Chuck Hayward Enid J Hayward As graduation cxercixes loom at mining colleges throughout the West, its time for the. mining industry to take a long, hard look at personnel policies and practices. Despite the fact that the need for mining graduates is at an all time high, old traditions are slow in dying. There are still too many in management who, having traveled the same route themselves, expect newly recruited graduate engineers to start out with the muckers at the bottom of the shaft, then work up to shift boss, then mine foreman before entering the ranks of management after half his career was used up. Rex Beckstead, director of safety, technical employment and management training for American Smelting Refining and Mining Co., warns that this apd proach is wasteful of the graduates training, and is unacceptable to todays engineering graduate who can get a much tetter deal in other industries. The time for the prospective mining engineer to get his training underground or in the pit is during summer vacations in his undergraduate years, says Mr. Beckstead who lectures and writes on the subject of recruiting and training. The mining industry has been slow on several counts in attracting engineers, says Mr. Beckstead. The average starving wage is less than in, chemicals and petroleum for example, and it has shown less opportunity for promotion. The major mining companies have been doing a pretty good job. But even at that their average starting salaries ($825 a month) are less than for chemicals and particularly petroleum fields. Indeed, some promising mining engineers have teen picked up by sales and marketing organizations for a $100 a month more than that average. During the past 10 years the numter of mining school graduates has not changed. So, whos filling the gap? Australians, Englishmen, Hollanders, Canadians, Indians, Pakistanis, Egyptians, etc. U.S. schools turned out for employment in the U.S. some 39,600 engineering graduates in 1967. Of that 8,800 or 28.5 per cent were foreign students. This compares to 4,400 foreign students or 17.5 per cent of a total of 30,000 engineering graduates in 1957. In addition, the numter of qualified immigrant mining engineers joining U.S. firms doubled from 1966 to 1967, he hard-earne- said. Mr. Beckstead noted that day pay workers in the mining industry have increased their average salary alxnit fivefold in the past quarter century, as well as gaining substantial new tenefits. Starting salary for engineers has gained, yes, but at a 3.5 fold rate. And as far as tenefits are concerned: Theirs are very little different from that of the day pay worker. The mining industry, says Mr. Beckstead, will have to raise its starting salaries, will have to show opportunity lies within ready reach in management echelons. A man freshly armed with a degree is not about to see his talents go unused and unstimulated by being forced into the regimen of an unnecessarily long apprenticeship. Mr. Beckstead noted, too, that the companies should do more to support the through grants or scholarships training of mining engineers at the universities. Many of the major mining companies are now doing just that. He is distressed at the propensities of universities to encourage its graduates to press on for doctorates. Fine for a teaching career, yes; but not the test for a mining career unless the doctorate aims to stay in research for all of his days. 'The graduates with merely a bachelor of science may start out for less a month than the doctorate. But by normal steps of management promotions, he will te making more in the long run and there will te more options open to him. Detroit Edison asks permit The Detroit Edison Company has applied to the Atomic Energy Commission for a permit to build a nuclear power plant at Lagoona Beach, near Monroe, Michigan. The proposed facility, to be called the Enrico Fermi Atomic Power Plant Unit 2, will use a boiling water reactor and will have a capacity of approximately 1,126 ,000 net electrical kilowatts. The plant will be located on a 915 acre site on the western end of Lake Erie at LaBeach in the French-tow- n goona Township of Monroe County about 8 miles from Monroe. The site Is 30 miles southwest of Detroit and about 25 miles north east of Toledo, Ohio, tthe plant will be adjacent to the Enrico Fermi Atomic Power Plant Unit 1 which Is owned by the Power Reactor Development Company, of which Detroit Edison is a member company. General Electric Company will provide the nuclear steam supply system and the Ralph M. Parsons Company will be the general contractor for construction Detroit Edison of the plant. will act as Its own architect -engineer although Sargent & Lundy will furnish the design of the reactor building and consulting services. According to the application, the earliest completion date for Is September 1, 1973; Unit 2 the latest, September 1, 1974. The total cost to construct the facility, exclusive of the nuclear fuel, Is estimated to be $228, 856,000. The company's application will be reviewed by the AFC Regulatory Staff and the Commission's Advisory Committee on Before a Reactor Safeguards. on made the apIs determination plication, a public hearing will be held. Firm changes its name At the annual meeting here, stockholders of Crescent Eagle Oil Company (Utah) listed on Salt Lake Exchange ) voted to: (1) Chanbe the name to Crescent General Corporation. (2) Reverse split outstanding common stock on a 1 for 5 basis. This wll have the effect of reducing the number of shares outstanding from 10,985,929 to 2,137,186; and (3) ticles Amend the companys arof incorporation to permit to engage In the production of synthetic materials, devices, and services in support or furtherance of human Crescent General health and longevity. Stockholders also elected to the iness Administrate, University Dr. Holstein stated that the board of directors was being strengthened In anticipation of substantial expansion of the company through acquisitions. He reported that for the fiscal year ended December 31, the company showed a 1968, loss of approximately $8,000 on Income of approximately $4,000. He stated, however, that we have several reasons to anticthis will be the final ipate Theodore Holstein, M.D. president of the company, was reelected chairman of te board, and Sidney Bradplece, and Theresa A. Boldle were to the board of directors. cent Eagle Oil Company through an exchange of assets with a net tax basis of approximately $900, 000 for 9 million' shares of stock. board of directors: (1) Kenneth Glllanders, Car- michael, California, president of Glllanders Data Processing, Inc. (2) Paul H. Guttman, M.D. San Francisco, California, research pathologist and, until recently, professor of pathology, University of California. Professor Serge Mat -ulich, Berkeley, School of Bus(3) of California. re-elec- ted loss for our corporation. In November 1968 , Dr. Holstein took over control of Cres- Speed oil, gas plans B. Peter Jackson, president Spectrum Resources, Inc.(OTC) said that rapidly developing plans for a new oil and gas pipeline to link Western Canada wlthUnl-te- d States markets has caused the board of directors of Spectrum to accelerate plans for development of a 54,000 acre block of natural gas property in which the company has a controlling inter- est. that this Mr. Jackson stated Boyles Bros. Drilling Co. CONTRACTING SERVICES Exploration ing to gather and purchase gas from this field for distribution to the Minnesota oriented markets via connection In southern Saskatchewan with a Saskatchewan- Minnesota pipeline to be inbuilt by Northerns Canadian Mr. Jackson indicated that dustry attention has focussed mn subsidiary, Consolidated Pipe Line Company. While this dethis area since the Canadian publication, Oil Week, recently anvelopment Is contingent upon apnounced that Northern Natural proval from authorities. Northern has announced Gas Company (NYSE) of Omaha, that It is one In the of the reserves opNebraska, already acquiring largest erators in the industry, is plan field. Tiger Ridge property Is located about 15 miles south of the Tiger Ridge gas field In northern Montana which Is estimated to contain in excess of 500 billion cubic feet of natural gas. WESTERN STEEL SERVICE CENTER COMPLETE WAREHOUSE SERVICE Mine Developing Rotary DriHfaeg Grouting All Types & Sizes of STRUCTURAL STEEL Shafts Engineering Tunnels Coro Drilling Soil Sampling BARS 1 PHONE District Officts: P.O. Boi P.O. loft Mi Sparks, Nsrada 4571 Phocnbi, Aril. K020 9540) ISMS W.UhAve. CoMaa, Colo. 0401 P.O. lea 4)07 Spokano, Wash. Westeru Louisville, "'pa&Ucat&iA' Mil. P.O. lox m Auburn, Calif, . 99202 P.O. Bos 74U Ky. SHEETS Sthl 3284541 Cohmuy Sfauctwial Sted" 40207 ALSO FABRICATORS OF PLATE AND RBNFORCING STEEL . : STHL BtECrioN A MGGiNG Foreign Officts: Roformo 4031104 Mexico City S o D.F. Cosilla 21-Cosilla SI 44 Santiago, Chilo Limn, Porn D -- OFFICES - Crandall Bldg. PLANTS r 651 West 1 7th SoJ Salt Lake City. Utah 1624 Pioneer Rood Salt Lake City, Utah 84104 487-367- PLATES A REINFORCING STEEL Geology General Offkos: 801: -- 4 Building tha WEST with WESTERN STEEL |