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Show April 23, 1954 Hie Western Mineral Survey, Salt Lake City, Utah 2 Engle Pushes Navajo Land Progress Made Bill For Free Scene Of In Uranium Defense Senator Fat McCarran this week called Arthur Fleming to designate a Nevada site for. a stockpile depot Gold Market For Uranium Mill Process under the big new metals and minerals stockpiling program announced Nevada Requested As, Site For Metal Stockpiling Depot Mobilizer on S. by President Eisenhower recently. In a "letter to ODM Director Fleming, Senator McCarran exas plained that Nevada served one of the biggest suppliers of strategic and critcal minerals and metals during World War II aqd our mines need a purchase point to implement this new program. The Nevada Democrat recalled the government operated a depot at Battle Mountain during the last war and asked Nevada be designated for a stockpile depot or a warehouse purchase point. He declared the nearest stockpile purchase point now is at Wenden, Arizona, 600 miles away from most of our mines. Senator McCarran said ODM minerals officials told him the new list of 35 or 40 metals and minerals on the stockpile quota, should be announced within several weeks. The new purchase program, classed by Fleming as one of considerable magnitude, would call for more money than the requested by the President for stockpiling in his budget now being considered by Congress. What items will be on the new list, I just don't know, McCarran said. It seems logical to assume most, if not all, the strategic and critical minerals and metals that Nevada 'mines produce will be included. As to lead and zinc, the old stockpile objectives have already been reached. The announced review of the objectives should increase these goals and give Western mines reason for additional activity. McCarran said he hoped a realistic approach would be taken to the stockpile problem. In the event' some of our domestic supplies might be cut off since the Soviets are now able to attack this country stockpiles must be built up to greater heights and dispersed. It must not be forgotten that foreign supplies of vital metals and minerals Would probably be cut off in the event of hostili: $585,-000,6- ties. 00 - D. WASHINGTON, Average Metal Prices o., Zinc, London, prompt (g) 74.258 Zinc, London, o. (g). . 73.079 85.250 Silver, N. Y., per oz Silver, London, per oz...... 73.728 281.448 Sterling ex. checks 9.1833 Tisi, N. Y., Straits 90.833 Tin, N. Y., 99 Gold, per oz., U. S. price . $35,000 Quicksilver, N. Y., $200,444 76-l- b mine today isnt the gold mine it used to be, reporters were told at the White House recently. Claire Engle, Representative Democrat from the. gold country of California, explained that labor costs and other mining expenses have risen while the price of gold itself has not gone up any ini 21 years. Profits of gold minjng have been cut until domestic production does not come near meeting the needs for such things as filling teeth and making gold jewelry in this country. Mr. Engle talked about gold miners problems after presenting President, Eisenhower with two placer gold nuggets that came from Plumas county, California the kind - the 49ers panned out of streams and gravel deposits there during the fabulous gold rush days. One of the nuggets was mounted as a pendant on a necklace chain for Mrs. Eisenhower. The other was on a stick pin for the President. They were presented as a gift of the Plumas County chapter of the Western- - Mining Council. Mr. Engle said he told the President of a bill he is pushing in Congress to permit a free market for such gold so the miners can sell it directly to jewelers, manufacturers and other users and get more for it than price fixed by the treasury since 1933. , March, 1954 domestic, Copper, refinery 29.686 Copper, export, refinery... 29.168 ... 12.935 Lead, common, N. Y. 12.735 Louis E. St. Lead, common, .86.356 Lead, London, prompt (g) Lead, London, (g)... 85.250 Zinc, Prime Western, 9.637 E. St. Louis Zinc, Prime Western, 10.137 delivered (h) per flask, A gold C. Antimony, N. Y., boxed (d) 31.970 28.500 Antimony, bulk, f.o.b. Laredo ' f.o.b. boxed, Antimony, 29.000 Laredo oz. $86,889 Platinum, refined, per 170.000 Cadmium, (a) 172.500 Cadmium, (b) 175.000 Cadmium, (c) 260.000 . 97 Cobalt, grade 21.500 99 .... Aluminum, grade 27.000 Magnesium, ingot : 60.000 . Nickel (f) $2.25 Bismuth, per lb. (a) Average based on producers quotation, (b) Average of producers and platers quotation, (c) Average of quotation on special shapes to platers, (d) Domestic, 5 tons or more but less than carload lot, boxed, (e) Price for tin contained. (f) F.o.b. Port Colborne, includes IT. S. duty, (g) Average pf daily mean of bid and ask quotations, per long ton, at morning Continued from page 1 session of London Metal exchange, (h) Delivered where freight from thath operations are progressing E. St. Louis exceeds 0.5c. smoothly, with the physical plant in excellent shaipe and labor turnover and absenteesim at a miniZinc Consumption mum. Nineteen men are currentConsumption of slab zinc in De- ly employed, in addition to the cember rose 4 percent to 70,300 mill foreman, the underground short tons but remained 4 per- foreman and the general superincent below the 1953 monthly aver- tendent. During the first three months of age of 81,500 tons, according to the this year Clayton had a total inBureau of Mines, United States of $94,977, including $91,241 come Department of the Interiors. Manuin smelter returns and 4 $3,340 esfacturers of zinc-bas- e alloys reof zinc concentrates ported an increase of 13 percent timated value Costs in their use of zinc to bring their stockpiled, he reported. to $63,276, leaving a monthly total to 24,300 tons. Zinc amounted of before depletion $31,701, profit used in brass and bronze prodthe and for taxes, quarter. The 0 ucts also increased, totaling of sum has been set asidSfor $9,500 Galvaniz-ers tons for the month. not be but taxes, will, depletion deand rolling mills indicated of the end the until year. clines of 4 and 7 percent, respec- figured comM. Norman the Smith, tively, in their use of zinc. reviewdirecting engineer, panys 1953 operations as summarized ed of the in Bob Burns once told the annual report and brought mosquitos down in Arkansas. He the stockholders up to date on cursaid they werent exactly big. But rent developments. d and he seen one stand of an adequate sump beSinking kiss a turkey. low the 550 level has been completed ?nd ore pockets are now being cut on two sides of the shaft, he said. No effort is being made to high-ba- ll the work as the company still has sufficient broken ore reserves above the 400 level contributes to the economy of the for about three years operation. community, etc. They must be It will probably be another year 07 shown, that mining is a liquidating more before the big north ore body industry unless the public is also is opened on the lower level,, he informed of these facts and that said. method of mining their contact with the public is. one . The long-hol- e for channels of the best attaining 'proved very satisfactory on the 400 level, Smith reported. Between that end. 200 and 300 tons of ore per man-da- y with one not will be done The job Man-, were pulled by, this method, one talk. poster letter, he said. Whether or not the sysagement ipust first realize that it e long-rangis a program: that it tem can b? used on the lower level will be slow in results, but vital remains to be determined. The 550' level gains 170 feet of to survival. s (Digest of paper presented at depth on the 400 and there is be 190,000 tons of addi36th Annual 'Meeting, American Zinc Institute, Inc., St Louis Mis- tional ore reserves in that distance --enough to keep the mill, at ca- souri, April 20, 1954). $35-an-oun- ce Clayton Co. erations Show Profit; .. . . : I New Microscopes For Mine Industry series of polarizing microscopes for use in the mining and minerals industry and related A new fields was announced today by Bausch & Lomb. The instruments are described in detail in a new brochure, B & L Dynoptic Polarizing Microsavailable on request by cones Bausch writing for Catalog & Lomb Optical Co., Rochester 2, N. Y. The new instruments incorporate a stand previously available only with the Bausch & Lomb line of Dynoptic laboratory D-13- ball-bearin- g, low-positio- n, 0, fine-focusi- ng 10,-80- flat-foote- Greater Understanding Of Mine Industry Vital Need from Page 1 of living only under free enterprise principles. The mining industry has a tremendous potential for contacting the public through its employees, its stockholders, its suppliers and through' the citizens of the communities in which it operates. They, to be effective in our public relations problem, must themselves. be acquainted with the principles on which mining depends. They must be shown how mining differs; from' other business, why prospecting and exploration are vital to' its continuity, how mining Continued . or-on- e esti-mateir- to Ariz. This uranium is rush for years spring millio16 on at the top speed moving n-acre Navajo reservation with dose of 200 prospecting permits issued since February. Marvin H. Long,' chief of lands for the Window Rock area of the Bureau of Indian affairs, issues the permits. Long listed three essentials for success in discovering and developing a. uranium deposit: Money, equipment and know-hoHe. pointed out a Geiger counter may go crazy over an of uranium ore, but money is required to determine whether a mine has been found. A prospecting permit on the reservation of New Mexico, Arizona and Utah is free. Long pointed out, and is issued freely to Inn If a dians and finds a virgin deposit, he may negotiate a lease thru the Navajo tribe advisory committee; but he must show he .has the money to mine the, ore. The tribe gets royalties of about $500,000 a year under a sliding scale based on the richness of ore mined. The tribal fund gets from 10 to 20 per cent of the profits and the individual. Navajo on whose land the ore is found gets an over-ridin- g royalty: of from 2 to 5 per cent. The Anaconda Copper Co. operates New Mexicos only large operating. uranium mill at jGr&nts. Another $3 million mill is now under construction at Shiprock, ' WINDOW ROCK, w. out-croppi- ng non-Indian- s. non-India- The trouble with people who' drink like a fish is that they; dont drink' what the fish does: - parity operation ..for about six years. Smith, stated. The north ore body is 40 feet wide above the 400 leveT and in this area contains a zone of, from Page 1 nomical recovery of this metal ties in closely with the economics of uranium recovery. In fact, in all but tpe newer plants, recently built or contemplated, most of the operating plants are essentially vanadium mills with added uranium sections. All of the mills, recovering vanadium, utilize multiple hearth, salt roasting techniques in which sodium chloride reacts with the vanadium minerals to form the water soluble sodium vanadate. This is then dissolved in the subsequent leaching operation. In the carbonate process, the dissolution of vanadium is made simultaneously with that of uranium and the two are separated by differential preciptation methods. In the arid process, the vanadium is first recovered into solution by an aqueous leach and the washed residues are then arid treated, at a low pH. for their uranium content. In the past, one of the biggest drawbacks to the acid leach has been in the quantity and variety of impurities taken into solution along with the uranium. New purification processes, developed through research and which are classified here, have greatly alleviated this disadvantage and have made file arid process more attractive. The older preciptation technique used on arid solutions is a com- -. plicated process in which the so- -' lutions are taken past neutral several times with alternate addition of arid and base. Some values are lost in discarded impurity sludges when this method is employed. A standard procedure for stripping uranium values from carbonate solutions is by the addition of sodium, hydroxide. The excess caustic is converted to sodium carbonate.- by carbon dioxide or sodium bicarbonate and the solutions reused for leaching. An abstract of an address by S. J. Swan- - , son, director of Mineral Dressing Laboratories, American Cyanamid Co., Stanford, Conn. Continued . high-grad- e .about 40. feet square. ... ' All directors and officers were continued, in their positions for another year.. They are Yeaman; A. H. Featherstone, Wallace, vice president; Ray Morrison, Wallace, secretary-treasure- r; and Alma R. Wallace and John I. Kingsbury, Nature seems determined to Preissner, Tacoma, Wash., directors. There were 1,640,047 shares make us work. out of 3,000,000 outstanding repreYeah, the less hair we have to sented in person and by proxy at comb, the more face we have to the meeting. wash. - |