OCR Text |
Show , I . .s Kennecott unveils sulphuric acid recovery complex inversion period set in this year. Design and construction was by Leonard Construction Co. and Monsanto Enviro-CheSystems, Inc. Kennecotts Utah Division now has seven acid plants with a total production capability of 1,300 tons of acid per day. The newest An $8 million antipollutiou operation which produces valuable sulphuric acid from smelter smoke has been unveiled by the Utah Copper Division of Kennecott Copper Corporation at its smelter plant near Magna, Utah. News media representatives viewed the new plant, designed to reduce sulphur dioxide emissions from KCC operations by 30. m plant began operation in September and has been undergoing tests since then before going into full production. Ore from Utahs Bingham Canyon is a sulfide type which contains compounds of sulfur' with metallic elements. During the smelting process, sulfur The complex facility gas handling towers and miles of pipes and tubing can remove 263 tons of sulfur a day from reverberatory furnace and converter emissions, containing huge to J.L. England, Kennecotts project engineer to the new plant. Inert, harmless gases such as nitrogen are released into the dioxide is emitted from according atmosphere from the plant. Under optimum conditions,, the facility can produce 500 tons of sulfuric acid a day. The acid has a. wide market in Utah, being used in the phosphate rock fertilizer industry, uranium processing, reverberatory furnaces and converters. These gases are conveyed through huge flues to a gas . steel manufacturing, water treatment and sugar and chemical production. Kennecott itself uses sulfuric acid for dump leaching, and as a refinery electrolyte. Construction on the new plant began July 22, 1969, and was given top priority to finish the AREA NEWSMEN AND OTHERS toured new acid plant at Kennecott Copper Corp.s Utah it into Copper Division. The facility removes sulfuric dioxide from waste gas and converts usable sulfuric acid. House bill Mining Congress supports the of The WASHINGTON be American Mining Congress has gone on record in support of the House version of the pending air pollution control bill now being ironed out by Senate and House conferees. In a letter sent to each member of the conference committee, J. Allen Overton Jr., AMC exective vice president, said the final bill should provide for development of standards which are both technically and ec onomically feasible. He said the standards should be reasonable, backed by reasonable including timetables. control regulations, rational compliance Enforcement should primary responsibility state and local governments. Overton said the House version of the bill (H.R. 17255) comes closer to conforming to these principles, adding that the industry prefers the provisions approved by the House. The mining industry endorsed the provision of the Senate version that calls for establishment of standing consulting committees for air pollutants for which criteria would be issued. W. Nuclear merger DENVER Robert W. Adams, Nuclear Inc., Western of president announced that its shareholders voted at the annual meeting to approve the proposed merger of Western Nuclear into a wholly owned subsidiary of Phelps Dodge Corp. Under the merger, one share of Phelps Dodge capital stock will be exchanged for every six shares of facility before the winter outstanding Western Nuclear common stock. The proposed merger is still contingent upon receipt from the Internal Revenue Service of a tax ruling satisfactory to counsel to the effec that the merger will qualify as a tax free exchange of stock and that no gain or loss for tax purposes will accrue to the Western Nuclear shareholders. Governors wire Nixon Croff Oil report Croff Oil Continued from Page 1 imports from Canada. We strongly urge you to reconsider these recent decisions, the governors said. The governors said they had read with concern a Nixon statement criticizing state regulatory agencies as contributing to higher prices . . . by controls that cause artificial market shortages. They added that the nation cannot maintain its position of if it become a have-nnation with regards to energy resources. Leslie B. Lampton, Jackson, pre-eminen- ce ot Mo., was elected first vice chairman of the compact, with Delbert M. Draper Jr., chairman of the Utah Oil and Gas Conservation Board, as second vice chairman. The compacts 1971 mid-ye21-2- 2 meeting will be held June at Bismark, N.D. ar Companys stockholders heard report a progress on a Mexican mining venture and a report on oil income from the Uintah Basin at their annual meeting last Tuesday. W.D. Nebeker Jr., Salt Cake City, is president of the firm. All officers and directors were for the 61 year-old Salt Lake City based mining and oil investment company. A highlight of the meeting was a report by geologists on Mexican mining explorations in which -- ed Croff is associated with four other Utah companies and Occidental Petroleum. Geologists said mineralization has been encountered in four core holes and a fifth is being drilled at present. The presence of copper and some molybdenum has been discovered in the drilling. Mr. Nebeker reported that Croff received $15,535.51 income from oil bonuses, rentals, production and royalties, much of it from the Uintah Basin. Exchange Volume down Some 405,636 shares with trading value of $238,875 were traded on the Salt Lake Stock Exchange during November, with 609,291 shares with trading value of $717,051 compared during the month, Glen to L Davis, according year-ag- o president. Shares traded during the 11 months totaled 5,270,219 with trading value of $5,997,341 shares to 11,540,576 compared with trading value of $17,304,678 for the year-ag- o period. purification plant and then to the acid plants where the sulfur dioxide is transformed into sulfur trioxide and then into sulfuric acid. The new contact acid plant can produce acid from emissions containing anywhere from two fo eight per cent sulfur dioxide with the average running at four per cent. With the new facility, Kennecott can now recapture all of the sulfur dioxide produced from the converter flue system. Silver futures trading set new CBT records We are confident that Chicago CHICAGO Trading volume in silver futures on the Chicago has become a major worldwide Board of Trade broke all previous center for trading in silver, a records for the first full year of position formerly occupied only trading in a new commodity, by markets in New York and Edward C. Wilson, chairman, London, Wilson pointed out. announced during anniversary Chicago's position as a silver ceremonies on the floor of the center is reflected by the fact that more than 9.6 million troy ounces exchange. Since trading was initiated a of silver bullion is now stored in year ago, a total of 319,596 the three major Qiicago banks contracts (representing over 1.5 that are registered to store CBT billion troy ounces), or a monthly silver for delivery against average of 26,633 contracts have outstanding contracts. This is up been bought and sold. The silver, from less than 300,000 ounces which represented the first in store on December 31, 1969. commodity tobe After 122 years of trading traded at the Board of Trade, had an estimated dollar value of over exclusively in major agricultural commodities, our diversification $3 billion. into silver an Open interest for the 12 test for theprovided of important the Board liquidity months, those contracts that have, and the of markets Trades not been offset by delivery or flexibility of its members to purchase, reached 33,759 accomplish goals, contracts as of October 30, nearly Wilton continued. a fivefold increase over the 6,726 contracts in open interest at the He added that the results are end of the first month of trading considerably in excess of initial in November 1969. Except for projections and tend to confirm three months during the summer, an earlier belief that silver, over silvers open interest has grown the years, will become one of the substantially from month to truly major commodities traded month. at the Chicago Board of Trade. non-agricultu- far-reachi- ng Energy Mineralsto sells leases DENVER Energy Minerals has announced it has signed Corp. an agreement and contract to sell for cash a portion of the companys leaseholdings in the Denver-Greele- y area. Energy Minerals president Weldon C. Julander said the company will retain interest of part of the companys leaseholdings in the area in the sale an oil and gas company. Energy Minerals owns 10 interest in other leases covering 8,000 acres in the prime gas producing areas which are not involved in the sale. Proceeds from the sale amount to more than $1 10,000 which will place Energy Minerals in a strong cash position with a good working capital reserve, Julander added. |