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Show April 7, 1969 OIL & MINING JOURNAL Page 6 Hassle brewing Mine vs. sportsmen would wend up the base of Castle REXBURG, Idaho There's a hassle brewing among outdors-meconservationists, and mining Interests over a proposed mine In Challis National Forest. The question, according to the conservationists, is Which is Area. deur and recreational utilization of a national forest, or more conservationist said. n, Peak not far from the nationally designated Sawtooth Wilderness The White Cloud sector is part of the wilderness system here, but not actually within the designated wilderness area, the more important, the scenic gran- road and American Smelting Refining Co. molybdenum mine near Castle Peak in the Challis National Forest near Rexbur, Idaho. Hassle is brewing. LINE AND ARROW MARK SITES of proposed molybdenum? The mining Interests feel however, that the Issue is actually that of multiple use of national forests, and maintain that the prposed mine would not destroy or even impair the use of natural resources in the area. (fWe are concerned with the plans of the American Smelting and Refining Company to strip mine the White Clouds Peak area of the Challis National Forest, says Kent Marlor, Rex-bur- g, president of the White Clouds Peak Preservation Committee. We are wondering if the need for molybdenum is so vital that we need to obliterate this roadless area with strip mining. Molybdenum is an important alloy in the process of hardening steel. The proposed road into this section of the Challis Forest Idaho Fish and Game Director John Woodworth jumped into the tiff on the side of the conservationist by stating that any alteration here would be detrimental to the public interest because the quality fishing and hunting there now available in the area would be adversely affected. Franklin Jones, president, Ida- ho Wildlife Federation, said that the states organized sportsmen oppose the mining venture and have requested that the Forest Service hold public hearings concerning the planned access road from the east fork of the Salmon River. A portion of the road would cross Bureau of Land Manag- - ment property, and sportsmen are asking they deny permission. Utah Construction & Mining listed on big board NEW common YORK-T- he stock of Utah Construction and Mining Co. was listed for trading on the New York Stock Exchange. It was assigned ticker were greeted on the trading floor by Robert W. Haack, president of the Exchange. The company listed shares common of 14,500,629 symbol UC. stock, and $30 million Francisco-base- debentures of an overseas financing subsidiary, Utah International Finance Corp. E.W. Littlefield, president and general manager of the San d company, purchased the first 100 shares as the first transaction of the day on the stock ticker tape. He and other officers of the company in guaranteed convertible Utahs common stock was previously traded over the counter. IN 1900 as a FOUNDED construction company, since the end of World Construction War II Utah & Mining Co. has increasingly engaged in mining operations which now constitute its principal business. Iron ore, uranium, steam and coking coal and copper are produced by the company and its affiliates for domestic and foreign markets. Ocean transportation is provided by a fleet of large bulk carriers million. shipping affiliate. dividend rate is 13 cents a share. The dividend rate was last owned and chartered by a In its last five fiscal years, the companys earnings have risen from $7.3 million in 1964 to a record high of $19.9 million in 1968. "Dividends paid in 1968 were more than 50 higher than the 1964 level. During the same period total assets increased from $121 million to $253 GTON-- A device that will "turn signal lights on and off at .will promises to be a boom to purveyors who must place these lights on remote mountain peaks and use them as targets for transmission, 'instruments, O. radio-controlle- d surveying sighting their the .Survey, Geological Department of the radio useful for normal modern communications also. remote-controlle- light was described by Thomas Dando, a USGS engineer, before the joint annual meeting of. the American Society of .with a special audio tone of .'selected frequency. The lamps 'are not activated by voice P. 0. Utah's, stock is owned by 4600 shareholders residing in 48 states, the District of Columbia and 14 foreign countries. 484-95- 5 F 550 WEST 17th SOUTH Box 687 - Salt Lake City, Utah can be delivered to mountain-to- p Mapping. exceeding 15 miles' in daylight. Dando said that the type of and can be operated either as a signal light described here seeips steady or a blinking light. . WESTERN PROSPECTORS ASSOC. A N Beryl for the consecutive year, according to the U.S. Bureau of Mines. The Beryllium Corp., which merged with Kawecki Chemical Co. to form Kawecki Berylco industries," and the Brush . iioviiiin Meer- -' H f. .cubic yards of overburden was imported beryl into expected to be completed by the beryllium metal, alloys, and end of the year .at theSpor compounds. . Beryllium Metals & Mountain property of the Brush Chemical Corp. produced ; Beryllium Co. Construction of electrofined beryllium. the companys $9 million Small quantities of processing facility between Delta hand sorted beryl were produced and was Lynndyl, . Utah, cent in South Dakota and Colorado. approximately 50 per STRIPPING OF 1.75 milliop complete at year end. M4-- S Mtwko- -o BM. - -- Mining firms cancel merger have called of, by mutual Banner and Mining agreement, the proposed dining Corp. :o. jointly announced that they acquisition and merger of . Sell Lake City. Utah MINERAL ACTIVITY INFORMATION a S' Consolidated reports from activo Wyoming counties, shows where staking end leasing is being done end who is doing it. MONTHLY: An map each month showing mineral activity at a glance. WEEKLY: te i NEW YORK Newmont rr- - NEW MEMBERS WELCOME , Ceeieeff PAUL J. ANtCLOS Beryllium Co. processed hand-sorte- d Pysthokla C ti Help iww nfpvvim-- vo use up again in 1968 Washington consumption increased -- sell or Please ... fourth year dividends have been increased. -- two-wa- y I 1969, the 19th representing in which cons.ecutive The light is easily erected and locations by can be seen and It radios Pho togrammetry American helicopter. Conventional ..are used to activate the lamps Congress on Surveying and identified at distances often Interior, said. - of future possibility elaboration. signal d Phone been kept simple to meet present needs, but with the research facility at McLean, Va., the mapping-contro- l surveys. The basic design has Developed in the U.S. Geological Surveys mapping in March ROBERT M. PHELPS, Manager to meet all the requirements of thus keeping the increased CHICAGO BRIDGE & IRON CO. New light boon to surveyors W A S H I N current quarterly The Banner into Newmont MINERAL ACTIVITY SERVICE which had been announced on February 10, 1969. - For more information call or write: (307) 234-944- 4, JOHN P. DEVER P. O. lex 801, Casper, Wyoming 82401 |