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Show December 14, 1970 OMJ - Page 3 Challenge faces mining AMAX chairman tells for careers looking NEW YORK The mining faces serious challenges industry in coming decades in meeting its basic responsibility of increasing the supply of raw materials, Ian MacGregor, chairman and chief executive officer of AMAX told a group of mining exuctives and students. This must be accomplished in the face of lower and lower grade ore deposits in the developed challenge with social responsibility and service to their fellowmen they need not look further. The task of feeding the giant industrial machine on this planet will tax the mining industrys ingenuity and ability to meet the demand for raw materials resulting from either soaring population, or rising living standards, or both, and nations and will dictate access with a to mineral technological change. In order to achieve production deposits with nationalistic governments of the emerging goals, the mining industry must nations, MacGregor indicated. somehow greatly improve its Superimposed upon this is the success ratio in identifying and obligation of the industry to delineating new ore deposits . . . protect environmental values, he must learn to live with mixed said. private capital and government Speaking at the annual dinner participation in joint venture of the Royal School of Mines enterprises IV. must cope with Assn, in London, MacGregor new dimensions of capital cost summarized some of the pressures brought on by the trend towards massive materials handling. on the industry, including: Taken alone, these are The mobilization of vast sums to meet the capital needs of imposing challenges for those mass mining and processing engaged in development of natural resources. But the systems; The development of new challenges must now be met extractive processes to meet within a new framework that builds in the environmental environmental standards, and,. Evolving technologies for compatibility of industry, the working under regulations that community and ecological are reasonable and equitable to systems. The environmental issue has mankind and business enterprise. become highly charged with The mining industry has a said. One growing and important part to emotion, MacGregor can cite numerous examples of play in our modem world, negotiating . said. The very proposed new mineral foundation of the standards that development projects that MacGregor prominent companies considered viable, only to have them stalled controversy. Private of minerals, and without this, he by public cannot afford many of companies noted, neither the aspirations of these expensive exercises in d nor the the when millions of dollars affluence of the developed can be futility may have been poured into assured. exploration and preliminary If young folks today are engineering. all people seek to achieve is based on a growing and adequate supply under-develope- F This advertisement is neither an offer to sell nor a ...to a waakly nawspaptr that kaaps yoo posted on tha activitias WotHhis) solicitation of an offer to buy these securities. The offering is made only by the Prospectus. of Intarmountain Aroa "paooy stocks" with waakly stock quotations patharad from roional brokers. Ilt's a BONANZA for investors officers alike. NEW ISSUE A LIMITED OFFERING TO BONA FIDE RESIDENTS t t OF THE STATE OF UTAH f $10 FOR AN ENURE YEAR OF MINING & OR INFO I PUBLISHER: Rocky Mt. P. 0. Hum BOX 6302, Salt Likt City, Utah 84106 Miter my subscription to tha Rocky Mountain Oil I MINING i t o Nome Address City CHECK ONE: .One Year $10 Statu 2 years $18. Zip Code 3 years $21 t t It t t t f 10,000,000 Shares t t t t t F DESERET NUCLEAR, INC. f it t t t t t t t t t Common Stock (Par Value $.02 Per Share) t t t t t t t t t t t t t t t t t t t t t t t Price $.02 Per Share t t Copies of the prospectus may be obtained from the Underwriter BONNEVILLE SECURITIES,, INC. 601 Kearns Building Salt Lake City, Utah 322-351- 4 ri i JOURNAL F t t t : i i i i 0 I I I I t t F IF F F F F I ns OIL & MINING JOURNAL F t Q ONLY F SILVER STOCKS have prelit potential RANGE 4c TO S4I PER SHARE 0 We specialise in silver, geld end uranium stocks and selective penny mining stocks. We accept- collect calls on buy orders. Q - J. H. W. 412 S,rM. DILLON & CO. Wfk. ftitl, Tl. m-M- 3i Member Spokane Stock Exchange mmmmmmmnmmmmmmmmmmmmmmmmmmwdi !0 Q D O Q |