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Show i uklliih-.- uijliAm "V07VW rnn; ? rtf, ;' .. , Msm ..?. ...W' V v W'fr ?VV y "' W'sS J,11&,. t ;; . i!W-iy- .;:' . ; ?& I 9 '.V V ;.: y'? oa- - . 1- w '(wywf && Jfl& w-- i.-Vt-- ' ll"1 T : J Wdj- , ;'&- ' k '. f y y s VV a.--- . 'V rniira E gsy . w fwj ragey :.$ . ? "w- - y ,& iMCTryr igr - A'. s y frw?.54V. 'iMtx&xxfikrt .w oV Production v.v . .. it ' ..:. sv xA. a ; rt' ? . .s .. ,!&&. . vj I sf' Jt '- i 'iM sWiLL"1 ki - 0: : '; H; " , V ':. 'a. !?! . vv . t" ':"; " J,1' sj- - ' ke City. UUk. Tiiday. rebraaiy 22. 1957 G-- 6 One Navajo jaily Of Utahs Great To jOO Tons Oil Producers mental mining in the United States points unmistakably to the need for integrated mining and processing Rio De Oro is no exception to this rule. Its economic health depends on a captive market in the form of a processing contract with the Atomic Energy Commission. There is no other outlet for uranium under Federal law. To erect an mill, the firm has entered a limited partnership with Homestake Mining Co. of San Francisco; United Western Minerals of Santa Fe, N. M.; J. H. .Whitney and Co.; White Weld and Co.; San Jacinto Petroleum Co. and Clyde E. Os boni. The new partnership is known as Homestake-NeMexico Plans for a 67 per cent increase in uranium ore production at Dysart Mine No. 1 in the rich Ambrosia Lake area of New Mexico were announced for 1957 in an annual report issued today to stockholders of Rio De Oro Jrrf1 jfwJ" f A 'tificaitce in The Oil and UtiHiHf 'WotlcT 27.. No. 52 Rio De Oro .': V J.Eili fy fsf lggF v A : y ! "? .c. S V psymV ear fgf ' V. V jifr VWIWIH ' Vol. " pw ON.yf . ' Vi' !" The Texas Co. has completed its Navajo C-- wildcat as Aneth Pool, San Juan County, as probably the largest oil producer in either the Paradox or San Juan Basin of the of the Four Corners area. While the production rate was attained only after artificial stimulation, it is reported at 1,806 barrels daily from one Paradox zone and 1,656 barrels daily from a second zone in that formation. This makes a grand total of 3,426 barrels of 40 degree gravity oil a day, through one-inc- h choke. The C-- also is the largest producer ever completed in history of the industry in Utah. 6 Up-Gradi- of Or? ng ,js Producers Shippingxosts The pressure toward upgrading of uranium ores is growing in the industry. But the problems ahead are complicated and probably involve matters of general policy of the Atomic Energy Commission. In the first place, A EC is definitely concerned by virtue of its position as sole purchaser of uraconnium oxide from full-scal- e nium oxide in order to avoid excessive freight charges in shipments out of the district, it was stated But they dont want to reduce the price of yellow cake, to the government. It might be more practical for them to make a mill proposal, carrying cherical upgrading all the way through into full concentration, rather than hiking values a few percentage points, it was reported. Of course, upgrading offers substantial incentive for the conservation of uranium resources of the nation. Of course, upgrading offers substantial incentive for the conservation of uranium resources of the nation. The tendency under certain strictures of AEC buying policy has been to encourage high grading of some properties, according to some in the industry. This question of conservation is one with which the commission as a whole has yet to resolve in reference to the growing pressures into upgrading. But most important of these pressures is the rapid liquidation of ore reserves in Colorado and Utah in areas near existing mills. As this increases, the necessities reaching farther and farther., out for ores at added transporta-n- r nium Mines, Inc. Present daily production of 300 tons will be increased to 500 tons centrators. during the year, according to a These contracts, now being neW. in from the report message for less than $8 a pound Rio De Oro gotiated Rodney DeVilliers, U3 for in some instances, are 08 his is the firm He said president. connected with the grade commeris one directly that mining only of feed material, i.e., ore that goes cial grades and quantities of urainto a mill. nium ore in the Ambrosia Lake Conversely, there is some escaregion. or protection on the other 1 is Rio De Oros lation No. Dysart side ore grades somewhat lowfor 20 located first mining operation, er than averages agreed to be mines nort of Grants, NjM. In tween mill operators and the govclose proximity the firm has Partners. ernment. new the on Construction mill lease other important holdings will March be are started in early that Such contracts tend to place a undergoing development. Increased production at by the Western Knapp Engineerburden upon upgrading, say millmen. Theres no incentive to the mine will bring the firms ing Co. of San Francisco and proput a couple of million dollars ghss monthly income from the duction is scheduled to start on Dec. 1. Rio De Oro, with a 37 into a chemical upgrader only to property to $250,000. To attain a market for the Dy- per cent interest in the mill, told Trend of metal prices can no find out that the end price for sart Mine production, Rio De Oro its stockholders that the ultimate longer be determined by operat- the yellowcake at the mill is being will participate in a new process- processing flow will be 830 tons ing costs alone, says Otto Herres, dropped to the hurt of profit, they ing mill near Grants. The report daily. Salt Lake City, chairman of the argue In his message to stockholders, National Lead The whole history of states, This problem not only concerns and Zinc Commi Mr. DeVilliers said, the mill enthe mill with properties distant ables Rio De Oro to forecast stea- ttee. from the processing center It also dy operational profit pictures for a seminar of mining would directly affect any indeHe the next nine years, or, through the University of pendent mine operation engaged 1966, which is the present V .a Utah Wednesday, that not only in upgrading and later custom 24-2- 5 costs increases. span of AECs urorxium purchasing is business judgment required, shipping to a mill has approved the only AEC program. but also awide understanding of On the other hand, the AEC workable Rio De Oro will gross 75 per upgrader on the Coloaffairs and the economic that certain specific propos- rado Plateau at Monument No. 2 cent of all milling profits from political forces affecting the market of als made to date in reference to mine of Vanadium its own ore that is processed a Corporation of chemical upgrading devices con- America. The Lead Industries Assn will the new mill, plus approximately the world cern companies with deposits in A simple sand-lim- e hold its 1957 annual meeting at 37 per cent of profits resulting separation He took gold as an example. areas where new mills are being the agreement reported process, the Drake Hotel, Chicago. 111., on from the milling of any custom In 1934 it had a fixed value built stipulates that the slimes from this Wednesday and Thursday, April ores at the new installation. to want These upgrade people ounce. Since an of $20.67 then, plant be used as initial starting Ore reserves already blockec ura- - :eed with other cent to or six ores five per an to has risen the value $35 Zieg-felregular ores at out at the Dysart Mine insures According to Robert L. mills. VCAs 1933 ounceU.S. mines In proof the a minimum daily production of secretary-treasure- r Union Carbide Nuclear (Union on sessions the April 400 tons for at least the next ten duced- 2,556,246 ouces of gold Association, & Carbon Corp.) has beCarbide 1940 But by 24 will be devoted to discussions years, according to the annua! valued at $52,842,300. on construction of two work to gun 6,003,105 production had risen of the outlook for the more im- report. d . to upgraders, one at $210,108,-700In its first annual report, Rio ounces and valued portant lead products such as 25-2and a second Slick Colo., Rock, 7 In the absence of inflation, storage batteries tetraethyl lead, De Oro announced that 42 em which emGreen at ; Utah, River, cable sheathing, radiation shield- ployees now conduct the firms op gold production in this country ploy chemical treatment of sand because of ing, chemicals, paints and ceramic erations in the field and at the doubled in six years ailings for uranium ores. the rise in prices, he said. products, and to commitee re- general office in Albuquerque. The upgrade materials will be ports and other Association busiThe new oil frontiers of the shipped to a new $5 million plant ness. Mountain West will come in for building at Rifle, Colo. It is underMembers will also gather at a thorough discussion at the end of stood that vanadium recoveries reluncheon on that day and a rethis month when more than 1500 sulting from upgrading will carry ception and buffet that evening. petroleum geologists gather in a part of the cost of the venture, On Thursday, April 25th the Salt Lake City for their seventh rather than yellow cake prices at Lead Industries Association will the end of the mill circuit. annual meeting. meet jointly with the American Vitro Uranium Corp. has proFrank Neighbor, district man Zinc Institute and will hear disVentures Limited of Canada and was presented to Bolivian Presi- ager of Sun Oil Co., and president posed construction of a chemical cussions of the market outlook, the Gas Hills District, an- dent Dr. Herman Siles Zuazo. The of .the Mountain Section, upgrader in Rocky world production and world con- Vitro Minerals Corp. have Fremont County, Wyo. the formation of a joint- new corporation is expected to American Association of Petrolsumption for both lead and zinc nounced this Uranium has considNorthwest commence field work Bolivex owned spring Corp., company, eum Geologists, said he expected The Lead Industries Associa- ly device in the Spoa similar ered mineral the detailed after arrangements to the untapped over 1500 geologists plus some 400 explore tion meeting will conclude with district. Bolivian with are govWash., Bolivia. kane, completed wives to register for the meeting a joint luncheon with the Zinc wealth of ernment officials. It is scheduled for Feb. 25 through Institute. Bolivex is in a unique position Vitro Minerals Corporation is 27 at the Rainbow Randevu. to conduct a full-scal- e program of this kind, explained Eugene B. owned jointly by Rochester and Geologists from all over the Rado-Roc- k com- Pittsburgh Coal Co. and Vitro Cor- world will be in attendance to of the Hotchkiss, president Co. pany. The new company will poration of America, a diversified hear papers on the various technibring to the operation trained sci- industrial organization active cal aspects of finding oil in the d in atomic energy Rocky Mountains. entists and technical experience in a varfrom the of the mining and refining mining and refining of Rado-RocResources, Inc., reto the design The group will be welcomed by minerals metals. of strategic iety shipments of approximately Superior Oil Co. of California and construction of nuclear, chem- Gov. George D. Clyde of Utah, ports tons of uranium ore running 5000 fills a has scheduled location of an imhe added, Mr. Neighbor said. Bolivex, ical and metallurgical facilities. 0.80 U308 during January on test about of Navajo wildcat lt long-fethe need in economy portant The Paradox Basin and its from the Radon Mine in Big InVentures Limited, an internaTribal lands about eight miles Bolivia, which has long been anxsouth of East Aneth Pool in San ious to attract foreign investments tionally known mining firm, is Aneth Field also will be one of dian district, San Juan county. Juan County. in the development of its potential engaged in mining, metallurgical the main topics of discussion. Hecla Mining Co. is operator at D-- l be will Navajo mineral resources. Superiors operations, and research in the which resu mine for Rado-Roc- k W. the P. Winham, east exploration drilled 6,200 feet from the United States, Canada, Europe, o: 75 per cent of the net plus lin of Section 34, Township 41 Late last year a program involv- Africa, South America and Aus pervisor for Standard Oil Co.dis- ceives 7 cent royalty. Federal UraLake e Salt in the with large-scalCalifornia, per exploration South and Range 26 East. Western ing as and tralia is the nium controls 51 per cent of of chairman through subsidiary aerial studies Corp and Co trict, general photogeologlcal States Refining Co., Shell Oil Rado-Rocsociate meeting. and ground geophysical surveys companies. hold leases in the vicinity. AEC-approv- ed 6 w Herres Cites Price Trend -- . Lead Association To Meet April In Chicago Hotel : -- in-cat- es 24-25- d, - Oil Geologists Meet Feb. In Salt Lake AEC-approve- Ventures, Ltd. And Vitro Form New Exploration Co. Superior Oil Ships Will Drill Test Wildcat across-the-boar- 5, 000 Tons of Ore k' k. |