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Show i 2 The Western Mineral Surrey, Salt Lake City, Utah March 28, 1952 Copper Canyon Low Costs Bright Era Mill Passes For Butte Vital to Mark Seen Gold Mines Battle Mountain, Region The another tically unnoticed, a milestone in 10-Ye- ar Nev. possibility of vast,' new mining project in Butte, a prediction that zinc production here can be more than doubled in the next five years and announcements that the Kelley mine is now in production and that a $4,000,000 expansion program is under way at the Apaoonda reduction works were contained in a message of vital importance which E. S. McGlone, vice president in charge of western operations of the Anaconda Copper Mining company, gave to the people of Butte and Montana Tuesday night. He took occasion in his talk at the dedication of the Butte Civic Center to make the announcements which spell out continued progress and a bright future for the state and particularly for Butte and Anaconda. Mr. McGlone termed his remarks on the mining industry as a report on the progress of some of the things we are doing on the hill and made it clear that Butte can lay claim to the title of The Richest Hill on Earth for a long, long time to come. His report stated, other things, that: the mining history of this district was passed last week when the Copper Canyon mill observed the completion of ten years of operating. The mill was started up Feb. 26, 1942, in the dark days following Pearl Harbor, and has been grinding away ever since. During the period, over 600,000 tons of ore have been processed, producing 16 million pounds of base metal in addition to gold and silver. This concentrate production was loaded into 1122 railroad cars at Battle Mountain. Strung together, the cars would make a train from Battle Mountain almost to Valmy. The Copper Canyon mill has treated more ore originating by underground mining than all the other mills of Lander County combined. It has the longest sustained life and, according to company officials, is good for a long time to come. Of the original crew that started up the mill, only Ralph Hayden, the superintendent and Joe Thomas, flotation operator, remain. ten-ye- ar among The Kelley mine is now producing ore at the rate of 2000 2000 tons a day. This will be stepped up to 5000 tons by May and to 9000 tons within a year. 2. Original reserve estimates of the amount of ore available for the Greater Butte project were conservative. Several million tons already have been added and in one area it is not unlikely that future exploration work will add another one hundred million tons to the original figure of one hundred and fifty million tons. This could result in another new project which could be mined concurrently with the Greater Butte project. 3. Within the next five years zinc production can be more than doubled. 4. A four - million - dollar modernization and expansion program at Anaconda will increase the capacity of the Anaconda concentrator to more than 32,000 tons of ore a day. 5. Last year, for the first time, expenditures of the Ana- 1. Prac- Tungsten in Korea The Republic of Korea is supplying the United States with its output of tungsten, the Department of the Army has an- nounced.Korea,' which has one of the largest tungsten mines in the world, is producing approxi- mately 200 tons a month. Some of the tungsten mines are lo- The question of costs is a serious one for the gold mines, in that just as they receive the greatest benefit from an increase in the price of gold they are the most vulnerable to rising Working expenditure, says a South Africa correspondent in London Mining Journal. At the Modderfontein East anual meetig, P. H. Anderson pointed out that as a result of devaluation, the sterling price of gold out of the 42 producing mines, inchrling Modder East, found that working costs had risen by more than 44 per cent, and seven others weifc nearing this situation. The rate of increase in working costs per fine ounce of gold produced is now approximately Is, a month. In addition, a disturbing feature is that each increase of Is, 3d. per ton milled raises the pay limit of the mines by 0.1 dwt, which in turn reduces the payable life of the industry as a whole. This breakdown of the trend of working costs and its effects, spotlights more than ever the contribution made to the profits of the mining industry by revenue from sales of gold at premium prices. It can readily be realized, therefore, that considerable concern is felt at the decision of the Australian authorities to allow all gold produced there to be sold in the Ipremium market, provided U. S. dollars are received in payment. While the amount of gold being thus offered to the premium market is not great it is felt that this decision strikes at the very foundations of the restrictions in other gold producing countries limiting sales to 40 per cent of their total output Any general defection from this principle can in the. only lead to premium market and could lead to the death of that fabulous old goose which lays the golden low-gra- de self-impos- ed cated on ground which has seesawed back and forth between the United Nations troops And North Korean and Chinese Communist forces. In some instances the tungsten is mined while' U. S. security troops protect workers from guerrilla action. conda company in Montana exceeded one hundred million eggs. dollars. The otal was of which $52,800,000 went for direct labor. The company's Montana employment now exceeds 13,500, with a monthly payroll of over and the Butte employCripple Creek, Colo. Brightment in January was more than er mine prospects for 1952 were 7500 a day, with a payroll of forecast by Merrill Shouip, president of Cresson Consolidated over 2,800,000. Gold Mining & Milling Comin a stockholders report. pany, TOM SIMS ly Thimble Theatre- - Starring Popeye Mi l. ZABOLT Lack of lessees and skilled operators cut Cresson producE tion last year to the lowest point SVERBODY PUTTIN' in history. The mine did not start shipping ore to the new PASTER SEALS ON TA SHOULD USE Carlton mill, however, until EASTER SEALS, ALL YOUR MAIL, April of 1951. POPEYE, TO HELP OLIVE. Now, the ore production is CHILDREN CRIPPLED averaging 150 tons a day. It is hoped this figure can be upped LEAD BETTER LIVES. considerably by additional sets of lessees. An active development program is also being carried on now. During 1951 the Cresson suffered a net loss of $15,271; the loss was $4403 in 1950. Total income in 1951 was $167,142. Current assets were listed at $69,437 and current liabilities at $31,836. Earned surplus was free-for-- . I SEE-VOUfe- $112,-000,00- all 0, $5,-000,0- 00, Cresson Cons. Reports Mine Loss Y $22,363. 7520 TONS WORTH OVER A BILLION DOLLARS Average annual world production of the noble metals, valued at more than a billion dollars, is approximately 6500 tons of silver, 1000 tons of gold, and only 20 tons of the platinum group metals. These 20 tons comprise approximately 60 per cent platinum, 30 per cent palladium, 4 per cent rhodium, 3 per cent ruthenium, 2 per cent iridium, and 1 per cent osmium. ANNUAL EASTER SEAL APPEAL MARCH 13th to APRIL 13th THE NATIONAL SOCIETY FOR CRIPPLED CHILDREN AND ADULTS, INC 11 S. LA SALLE ST., CHICAGO 3, ILLINOIS THE EASTER SEAL AGENCY McDowell Issues Valuable Report On Idaho Operations Discovery and production of cobalt in Lemhi County and monazite in Valley. County were th etwo new bright stars in Idahos crown during the past year, George A. MJcDowell, state mine inspector reported to Governor The United States would be woefully handicapped in its national defense efforts, he pointed out, without Idaho. Its lead, zinc and silver properties in the north are the greatest in the nation. Its cobalt mine in Lemhi Len Jordan in transmitting the County is an indispensable fac1951 annual report in him this tor and soon will increase proweek. duction from 600, tons daily to The 53rd Annual Report of 1000 tons. the Mining Industry is now being sent out to a limited mailing list, McDowell said, and contains 174 pages. The year 1951 closed with the mining industry in Idaho having a very prosperous year, the state mine inspector told the governor, with practically all of the large mines active in development work proving extent of ore bodies at greater depth and laterally. From its great lead, silver and zinc mines in the northern part of the state to its newest In southern Idaho the dredges of Valley County near Cascade are producing from 15 to 20 tons a week of monazite concentrate, an indispencable rare earths element used in the manufacture of high temperature metals. Additional dredges will probably be in the field in Cascade and Boise Basin areas with the coming of spring, McDowell said, and prospects for additional cobalt mining are underway with large mining interests active. acquisitions in cobalt and monaOnly 2500 copies of the 53rd zite in the southern and central annual report were (printed, the part, the state is teeming with mining official said, which all out production and develop- places its distribution in an exment, McDowell reported. tremely limited supply. Herres Named Chairman Of Unit Planning Herres, president, NICKELS WORTH At the present time, the bulk of the nickel produced is being diverted to defense. However, through application to the appropriate authorities, nickel is obtainable for the production of Otto vice Combined Metals Reduction Co., engineering alloys for many end Salt Lake City, has been named uses in Chairman of the Program Committee for the 1952 Metal and WHY NICKEL IS USED Nonmetallic Mineral Mining IN STAINLESS Convention and Exposition of the American Mining Congress Nickel is to be held in Denver, Colo., on dient of thean important ingreaustenitic chromiSept. according to Merrill um-nickel stainless steels beE. Shoup, President, Golden Cy- cause of forma-bilit- y its workability, cle Corp., Colorado Springs, who and Other fabricating is Chairman of the Mining Conqualities. gress Western Division. Herres will head a nation- of mine and mill operations. wide committee in developing Leading officials of Government a timely program for the Den- and industry are expected to ver meeting. With the nations address the meeting. defense effort calling for inIn addition to the convention basof deliberations, mining men in atcreasingly large supplies ic 'metals and minerals, this tendance will have the opportu-it- y to Inspect the, displays of gathering of the industry refor their sponsible production mining and milling equipment will be highly significant exhibited by over 125 of the The convention program is countrys principal manufacturexpected to highlight discus- ers. Some 50,000 feet of sions of national policies affect- exhibit space, an square increase of 30 ing mining, progress of the de- per cent over the record-breakifense minerals program, taxes, exposition held by the orlabor relations, and ways and ganization in Salt Lake City in means of increasing efficiency 1950, is already under contract. j ! : ; : defense-supporti- ng : ! 22-2- 5, ng |