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Show JANUARY 26, 1970 OIL & MINING JOURNAL Page 3 U.S. Tungsten production declines WASHINGTON shipments of tungsten - Mine 1969 tungsten imports: Canada ores and 68 per cent, Peru 17 per cent, concentrates in 1969 decreased approximately 7 per cent to 9.5 million pounds of contained tungsten, according to the US Bureau of Mines. Consumption of tungsten concentrate rose 9 per cent to about 12 million pounds, tungsten content. General imports during the year continued to decrease and fell slightly to about 1.8 million pounds, tungsten content, while exports of tungsten concentrate, primarily representing material purchased from the Government stockpile, rose by a factor of over; 9. to some 5.6 million Australia 8 per cent, and 7 Pbrtugal per cent. Exports of tungsten concentrates during the year went primarily to West Germany 36 per cent, East Germany 16 per cent', Japan 15 per cent, the Netherlands 1 1 per cent, the United Kingdom 8 per g 6 per cent, cent, and Canada 5 per cent. DURING THE FIRST 11 months of the year the General Belgium-Luxembour- continuously, bouth content, remained available from the DPA inventory and was made up of about 0.8 million pounds of wolframite and 2.4 Pine Creek Mine serve net exporter of come-firs- t under this concentrate in 1969. a basis. N-bla- warehouses without charge from one year to 180 days. study recomended thatthe feasibility of using nuclear explosives for a North African seaway be. studied as part of the Plowshare Program. Throughout the convention, the scientists generally agreed nuclear explosives could be used for gigantic engineering projects but said practical application is years away, after extensive research and testing. The paper was written jointly by J: F Champlin of Wcstinghouse Electric Corp. and No danger seen from Gasbuggy gas LAS Nev.-Scient- predict that now natural Society such fears are goundless. He described a study of ists 15 years gas for for and cooking heating homes could well come from a cavity carved deep in the earth by the heat and pressure of a nuclear explosion. Could such gas be dangerously radioactive? Would burning it in from Project Gasbuggy, nuclear an explosion underground in New Mexico in 1967 that formed a fas-fille- d cavity thousands of feet below ground. The gas was slightly radioactive after the explosion Jacobs said, but he concluded that only minute amounts of this radiation would reach the kitchen stove release radiation that could hasten your death? Dr. D. G. Jacobs of the Oakridge National Laboratory told the American Nuclear industrial and household consumers. The amounts he said, would be far below the radiation safety level for humans. Interior supports coal research - The WYO, Interior Department says it will JACKSON, support ofresearch development power on magnetohydro-dynami- c designed to provide cheap electricity through the use of coal. w some 45 mines in seven Western States, two fo the mines, one in CAlifornia and one in Colorado, accounted for most of the domestic supply. Operating Midnite Mines, Inc., of nicknamed Project Pecos Bill after the mythical super cowboy who used a pointed stick to dig the Rio Grande in Texas. The explosives. VEGAS, Although minor or intermittent production andor shipments were reported from Sen. Cliff Hansen says interior department officals told him funds would be made availabc for research and development of the MHD power concept. and stainless steels and chemicals (2 per cent each). During the year Ranchers Exploration and Development and Metals Division, Union Corp. of Albuquerque Hamme northwest of Bishop, Calif., and the Climax Mine of the Climax Molybdenum Co., a division of tungsten mine near Henderson, N.C., from Howmet Corp. This mine, which had been closed since February 14, 1963, and allowed to fill with water, was Mining day until July 1, 1970. Movement of ore from mine to mill was terminated last Dec. 1, LeBret said, although mining and stockpiling is continuing at the mine itself. Spokane hopes to obtain income from the resumption of uranium from the the Georgia Institute of production and and silver of Technology. The study was prodcution during a three-da- y symposium on engineering and nuclear of the cent), alloy steels (4 per cent), aapurchased the pumped dry. Ranchers conducted evaluation of the tungsten reserves, sank a main shaft, reviewed extractive metallurgical techniques, and made plans to replace the mill equipment which was sold at auction. This property is expected to begin operation in 1970 and when full scale production is reached, could, on the basis of historical data, produce about lVi-- million pounds, tungsten content, 2 annually. Midnite Mines resume production J W Poston and J. A. Lake of according to one of 112 technical papers presented were the operations AMAX, near Leadville, Colo. Production of most of the other smaller mines was limited by heavy snows to only about 5 to 6 months operation during the year. Based upon 8 months data annual consumption of tungsten products increased 11 per cent to about 14.6 million pounds, tungsten content, during 1969 and was by major end use categories: tungsten carbides (54 per cent), tungsten metal mill products (8 percent), tool steels (12 per cent), superalloys (5 per schedule, and by reducing the time purchased material can N, Africa canal LAS VEGAS4 NEV.-Nucl- ear explosives could be used to construct a canal across North Africa which would open up Tunisian phosphate and Algerian oil fields and convert arid land into an agricultural area, three United States scientists say. A series of dry lakes in the northern Sahara Deseret could be linked by a canal stretching 107 miles to the Gulf of Gabes, r Carbide Corp., located the premium and penalty seen for sts These million pounds of scheelite. GSA revised the purchase criteria for this material by limiting it for domestic use only, by changing program during 1969 increased substantially to about Four free world conuntries 38.3 million pounds, tungsten accounted for all of the principal content, at adjusted prices tungsten recovered tungsten as eith a byproduct with molybdenum. million pounds, tungsten Sales mines co-o- Services Administration continued to offer excess remain in Government tungsten concentrate from the DPA inventory for sale as a shelf item at $43 per shore tone unit (s.t.u.X adjusted for premiums pounds estimated contained and penalties, on a first tungsten as the United States became ranging from $38.28 to $43.56 per s.t.u. By December only about 3.2 Assistant Interior Sec. Holis Dole said: We have made funding of MHD an important feature of our total coal research i..e US Bureau of program. Mines is currently conducting research around Bruceton, Penn. Hansen has urged full support for the concept in the belief that it may offer opportunity for development of Wyomings coal reserves, which are said to be the largest in the nation. mercury, James V. LeBret, in a said recently president, letter to shareholders. The uranium processing mill of Dawn Mining Co. of Spokane d by Midnite) (49 per is now operating at Ford, Wash., Although no actual tonage has been expressed our engineers, the continuing drilling program has again extended our ore cent-owne- on a er-week three-shif- t, reserves. five-da- y As operation, he said. a This followed basis at the one-shift-per-d- ay rehabilitated plant last month. Enough ore had been mined and stockpiled as of the first of December last year, the stockholders learned, to permit processing 500 tons of ore per He added that Midnites directors feel the drift is paying for itself while developing a tunnel to the main ore bodies of the mine. The firm has concentrated its exploration activities in the areas of uranium and silver, LeBret said in the letter, however, during the last half of 1969 we examined several properities for silver. for silver prodcution, Midnite recently began shipments from its Polaris silver mine in Montana to the East Helena smelter. The Spokane mining man said the ore is coming from a vein at the 100-folevel or the mine ot and is averaging 19.5 ounces of silver to the ton. Midnites mining engineer is, at present, examining properities in Oregon and Washington that show promise of developing into producing mercury mines. LeBret also mentioned that the company has moved its office 601 Great Western Building, Spokane, from N. 711 Lincoln, and that it is currently acting as its own transfer This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the offering Circular November 3, 1969 New Issue 10,000,000 Shares Common Stock t 0K)DD a OffiGo i . t : ($0.02 Par Value) Price $0.03 Per Share Copies of the offering circular may be obtained from the undersigned in any state in which the undersigned may lawfully offer these securities. Place 12Exchange Salt Lake City, Utah 0 Phone 521-672- J |