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Show May 5, 1969 OIL & MINING JOURNAL Page 2 Rocky Mtn. OIL & Battle over Equity Oil MINING JOURNAL ecution of the proxy being requested by the company management. The committee's proxy material is being reviewed by the Securities and Exchange Commission and will be mailed to shareholders soon. "The committee is concerned with what it believes to be the indadequacy of the companys management, the letter states. The letter Indicates that the following will be proposed as Published weekly in Salt Lake City, Utah, by Utah Scene Publishing, P.O. Box 71, Salt Lake City, Utah 84110. Serving the mining and oil industries of the Rocky Mountain Region. 25 f per copy. Subscription rate $10 per year. Editor & Publisher - Chuck Hayward Asa frequent visitor to southern Utah, plus being a profes-sio- al mining engineer, I'm some what alarmed over both past and pending events concerning Lake Powell. The proposed Glen Canyon National Recreation Area contains the most spectacular scenery for a body of water in the Southwest today. Adequate shoreline road systems will greatly facilitate tourist use and enjoyment of this geologic phenomenon. Public lands immediately to the north of Lake Powell under the Kalparowlts Plateau and within the Henry Mountains contain coal fields estimated in the many billions of tons. The Escalante River watershed encompasses what many within the mining profession feel is the largest undeveloped oil field in Utah. Bituminous sands also exist within this drainage. Development of these valuable natural resources has been hampered by inadequate road systems and by Interior Department dickering. The present trend of political events may effectively preclude any resource development or heavy tourist use of the north shoreline. Many public land users now suspect that all federal land northward from Lake Powell to Capital Reef National Monument will eventually become a sprawling empire administered as wilderness by the National Park Service. In 1967, Senator Frank Moss submitted a bill to the 90th Congress to establish the Glen Canhon National Recreation Area. The bill was sent back to committee with public hearings scheduled this summer. Although Congress has yet to endorse the proposal, both Senator Moss and the past Secretary of Interoior feel that NPS now has all but full administrative authority upon the Bureau of Reclamation withdrawn lands. Recent NPS actions in both Kane and Garfield Counties tend to bear this out. Provisions of Senator Moss' bill allow for oil, gas, and mineral development. The irony of this is misleading and econall national parks are theoretically open to omically cruel. and oil mineral use. the NPS and their However, supervised the Sierra Club, aren't about to allow to take placre within the park system. companion, non wilderness practices residents would road development program benefit by a combined within the Escalante area. Conversely, NPS protection from any resource development save an occasional horseback trip to the and canhonlands would be an economic photographic arches death blow to a state currently hard pressed for tax revenue. Utah's non affluent yet recreation-minde- d BLM-Ut- THERIOT ah S. MELANCON, Lomita, California United Steelworkers of America, Local 4264, and the United Park City Mines Co. reached an agreement on a three year labor contract, it was announced by Clements P. Hansen, steelworkers local president. Terms of the agreement, profor an Immediate $1 per the board pay inacross day vide crease with an additional 19 Wyo.-Ut- ah Construction Mining Co. has given Central Wyoming College Foundation 170 shares of common stock in Wyoming Industrial Development Corp. M.I. Ritchie, mine manager, made the presentation in behalf Roland G. Robinson Jr. has resigned as administrative ass- istant to Rep. Laurence J. Burto join the Interior ton, as assistant soliciDepartment tor in the division of reclam R-Ut- ah, Construction, and A.M. Wilson, executive vice president. Central Wyoming College has instituted a mining technology course in the curriculum to be of service to mining in Wyoming. the agreement. The formula for computing bankruptcy referee approved Friday a proposal by onetime uranium king Charles Steen to raise cash by delling mining stock in Canada, and agreed to a hearing on Steens petition to remove two principal figures in his bankruptcy court proceedings. Referee Rossell Taylor said he A would hold a hearing Friday afternoon on the petition to remove trustee Dick Dlmond and attorney, Richard Horton. But Horton said he would appeal to U.S. District Court and Taylor delayed the hearing 10 days Di-mon- Boyles Bros. Drilling Co. formula. will be inpension benefits Representing the mining comcreased from the present $2 times the number of years ser- pany in the meetings were Clark L. Wilson, United Park Q ity presvice to $4 by 1971. medical the ident, and Niles Andrus, general in Improvements and life insurance programs will superintendent. The United Steel amount to an additional 20 cents Workers were represented by per day per man, said Mr. Han- Mr. Hansen and George J. Wilde, staff representative. sen. ation and power. Mr. Robinson, who has been with Rep. Burton since 1965, came from Utah Capitol where he was administrative assistant when George D. Clyde was Utah's the University of commencement '8. Utah at exercises June Another recipient ds to allow the appeal of his decision. Taylor also gave Steen the to form a corporation of his Moramulco gold and silver mine interests in Honduras and other mining propetles. It would sell stock on the Vancouver, B.C. exchange to raise cash to help satisfy Steen creditors. Steen seeks approval of efforts to turn some of his assets, which he claims are worth almost $19 million, into cash to satisfy bills from creditors who claim he owes almost $6 million. Steen has sought removal of go-ahe- manufacturer of mining machinery equipment. and processing Horton sought dismissal of the petition, and said he would appeal decision to federal Taylors district court. Horton had argued that Steen had no right to seek removal, that only the creditors could make such a request. Taylor said a trustee has great power over the assets, so he felt if either Steen or the creditors felt the powers were being they had a right to seek sed BARS - PLATES - SHOTS A REINFORCING Sim Geology OFFICES - Crandall Bldg. PLANTS VS7I PHONE 'Colden, Colo. 0401 P.O. Box 944 Sparki, Novado 943! P.O. Box 4307 Spokane, Walk. P.Oftx74tS Louisville, 40207 Ky. -- 651 West 17th So Salt Lake City, Utah 801:487-367- 1 fsun Corp., Salt Lake City, assets. All Types & Sizes of STRUCTURAL STEEL 1624 Pioneer Road Salt Lake City, Utah 84104 ISMS W. Cfh Avo. Joseph Rosenblatt, president of the Rosenblatt Foundation and a former president of the Eimco ad Dlmond and Horton, accusing them of conspiring with Steen's creditors to have him declared bankrupt so they could divide his COMPLETE WAREHOUSE SERVICE Gantral Offices: P.O. Box 111 Auburn, Cxi if. be is a native of Morgan and a graduate of Weber State College, Brigham Young University and the University of Utah Law School. He WESTERN STEEL SERVICE CENTER Engineering Tunnels Phoenix, Aril. 05020 will governor. SERVICES Coro Drilling Soil Sampling P.O. Boi Gets honorary degree It was estimated that the entire package increase will amount at approximately 35 cents per hour over the three year period, plus the added cost of the pension Steen plan gets referee okay Grouting of E.W. Littlefield, president and general manager of Utah Added benefits in the pension and welfare programs for the miners also were included in District Offices: R. SALT LAKE CITY-Fr- ank Kennecott of Milliken, president Copper Corp., New York City, has been named to receive an honorary doctors degree from J. Lynn Dougan; and James Mitchell. They control 18.2 percent of the outstanding shares. G. Robinson to Interior Dept. Exploration Mine Developing lotary Drilling Shafts Utah C&M aids college & 34 cents per hour increase coming in the next two years. CONTRACTING RIVERTON, on and William M. Weaver Jr., partner, Alex. Brown and Sons New York City. Present directors of the company, all nominated for ree lection, are Fred H. Evans, president; F. A. Thurman, vice president; W. W. Dansie, treasurer; Reed E. Holt; Norman A. Tours-se- n; Steelworkers, Un. Park ink pact Alarmed over lake policymaking nominees to the board of directors: John E. Kilgore Jr., New York City; John R. Benke, director and consultant, United Nuclear Corp.; Scarsdale, NY; Henry H. Pattan, director, Del-te- c Securities Corp., New York City; C. Henry Roath, attorney, Denver, Colo.; Arthur A. Seel-igsJr., managing partner, the Seeligsons, San Antonio, Texas; Dix R. Turnbow, president and chief executive officer, Home (From Page 1) stead Minerals Corp., Denver, WfsitRN Stkl 328-054-1 Company of SfouetiwuU Steel" ALSO FABRICATORS OF PLATE Foreign Offices: Reform 4011104 Mexico City S D.F. Caiilla SI 44 Caiilla 21-Smliilt, Chile Lima, Peru D AND REINFORCING STEEL STEEL ERECTION A RIGGING Building the WEST with WESTERN STEEL |