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Show I LIBRARY U JU-Q- CITY 1 J Feature Mining, Oil, Financial v Salt Lake City, Utah, August 28, YeL 24, No. 35 Uranium Mill Planned Near Moab 19SS iv f .w. Utex exploration Co. today announced plans to construct a mill at dr near Moab, Utah. Charles A. Steen, founder of the famous Utex Mine, San Juan County, stated that negotiations are now being conducted with the Atomic Energy Commission office at Grand Junction Colo., for such a mill. Mr. Steen, also stated that sufficient reserve of uranium ore had been developed on the Utex property, which together with other important discoveries justify construction of a mfil in the Moab orginally covered tungsten only, but Malone introduced a similar bin, S. 1620, in which six other minerals were included in the purchase program along with tungsten. Finally, centrates. Each contract is tiated separately, he said. Polaris To Develop Osburn Mine Properties WALLACE, Idaho Stockholders of Callahan Consolidated Mines, Inc., have ratified their directors' agreement with Polaris Mining company for the latter company to explore and develop certain properties in the silver belt south of Osburn, according to the Wallace Miner. The stockholders took the action at a special meeting in Wallace after reviewing their board's state- ment that the agreement would be "very beneficial to the Callahan company and to each and every stockholder." Under the agreement, Polaris shall finance and develop the entire Coeur d'Alene Mines area of level of interest from the 3000-foreturn in its Silver Summit shaft, of for a share profits from any ore developed. A $675,000 contract for the project has been approved by the defense minerals exploration adminot istration. I. In continued operation during the shutdown of must of Utahs producers, New Park Mining Company has posted a record of some 1500 tons of gfjp weekly. Operation of the nation's mines, producing these types of ores is dependent brgdrappop legislation directed toward protecting U. S. mines against imports of low cost foreign ores.v fa lead-zinc-silv- er 1 And Labor Reach Accord S.-- - Smelting Refining & and Co. the United SteelMining workers reached an agreement which extends the contract that expired June 30, 1953 to June 30, 1955 ,and provides for a reopening June 30, 1954 on matters of wages, shift premium pay, holiThe days and group insurance. for alternate agreement provides five and six day work weeks through the period of the contract It also specifies that the company may reopen the contract on wage rates if the combined price of lead and zinc should drop to 23c per lb. and that the union may do the same should the combined price reach 30c per lb. However, the contract prohibits two reopeners within 60 days preceding June 30, 1954. The company agreed to increase its group insurance contribution from $5.20 to $6.50 per eligible employee per month. There was no change in wage rates, differentials, or classifications. Kennecotts Utah Copper Division has reached agreement with Mine-Mil- l, locals at Bingham and contract is effective The Magna. 1953 and runs for two July- 1, a with reopener on ecoyears, nomic provisions June 30, 1954. It provides for a general wage increase of 8.5c per hour, effective Aug. 1, and 4.2c per hour, effective July 1, in settlement of inequities claimed by the union and based on the difference in past wage agreements. In effect, the 4.2c increase brings existing rates into "equalization" for Mine-Mi- ll with the Steelworkers. At AS&R's Garfield smelter, negotiations are still in progress between the company and the Steelworkers. Other AS&R plants, manned by mine-mi- ll members, have reached agreement. already Terms include 8Vic per hour across the board as a general wage increase and 50c per man per month for health and welfare. The-Ur nego- language of Ma- in original H. R. 2824 and it was in that form that the bfil went through Congress and to the Presi- . cannot succeed." Sheldon P. Wimpfen, manager of the Atomic Energy Commission at Grand Junction, Colo., said Mr. Steen would have to satisfy certain requirements of the AEC before he would be granted a license , to build the mill- "Mr. Steen would first have to have a contract with us to purchase his concentrate before he would be granted a license to mill uranium ore," Mr. Wimpfen said. He pointed out that while an ore purchasing schedule had been adopted, no schedule has been adopted on the purchase of con- the lones bill was substituted for that It is estimated on a preliminary basis that it wiU cost $3,000,000. atomic-progra- m .One Year $L50 H. R. 2824 area. ers, the nations ' hard-earne- a When the mill is placed in operation we shall strive to glVe uranium miners the most for his ore, for without the uranium min- ' President Eisenhower has signed H. R. 2824, a bin which extends for two years the governments purchase program on seven different minerals. Enactment of H. R. 2824 meant a d for Senator victory George W. Malone, according to a press release from his office. $3,-000,0- 00 areas. ' Program For Purchase Of Minerals Set VV The announcement of Utex of Intentions to construct a miU for the treatment of its uranium ores eliminates considerable rumors that die company has been or wfll be sold. In fids connection, Mr. Steen stated emphatically, "Utex is not for sale. Our present plans are to construct a mill to treat ores from the Big Indian district and other ' - - We always admire the other felA lie leads a man from a grove low. more after we have tried to into a jungle. do his job. July Record Month For Minerals Exploration Unit Continuing an upward trend which started in April, the Defense Minerals . Exploration Administration executed 26 new mineral exploration contracts in July. This. is. the largest number of contracts signed in any one month since November 1952, Secretary of the Interior Douglai McKay said, and brings to 543 the total contracts executed in the Federal Government's program to stimulate the discovery and development of critical and strategic minerals through financial assistance to private operators. The July contracts cover projects estimated to cost $1,082,859, of which the government's share is $632,924, DMEA Administrator C. O. Mittendorf reported to Secretary McKay. Four amendments to contracts previously written also were executed in July, bringing the total to $1,307,360, of which According to a report in a re- the governments part is $756,274. Only twice in the last 17 months cent issue of the Salt Lake Tribhave the monthly dollar totals for une, the Roosevelt Duchesne contracts exceeded the July recCounty, Utah oil pool unit conord. Starting with April and runtroversy is due. for in October in the Salt Lake Dis- ning through July,' each month's trict Court before Judge Willis W. contract exceeded those signed in the previous month. . Ritter. During July a record number Both the defendants and plaintiffs in the suit were notified re- of applications were denied, with esticently that the case would be 40 applications having total beheard at 10 a.m., October 29. . mated project costs of $935,548 individ- ing refused, the largest number There are some action. since October 1951. Denials are isin the ual cases invdved of Phillips Petroleum Co. seeks to sued only after an evaluation Uintah-Duchesthe the commodity by application have lands in the County oil field committed to a Continued on Page 2 unit plan of development The oil firm daims that lease agreements executed with ranchers, and other owning lands withWeek ending Aug.' 22, 1953 in tiie area, provided for such proBINGHAM DISTRICT, UTAH cedure. The defendants say that Combined Metals Reduction Co. the unit agreement modifies and 220 tons. or nullifies the original lease signU. S. Mines 6575 tons. ed with Phillips and that: (1) the Copper (Kennecott) 960 lease is void or (2) in any event nUtahcars daily average. does not commit the landowner to PARK CITY DISTRICT, UTAH join the unit program. New Park Mining Co. 1523 Judge Ritter a few months ago tons. sustained the defendants in their EUREKA DISTRICT, UTAH contention and ruled the Phillips 48 ore Chief Consolidated leases void. cars, However, judgment never was cars. formerally entered in the case. Yankee Consolidated dump ore In the meantime, a conference 1 ear. between attorneys for the defendEmpire Mines ore 3 cars. ants and tiie plaintiffs was held PIOCHE DISTRICT, UTAn in the judges' chambers. Metals Reduction Co. Combined A memorandum of tiie court Zinc. Cone. 4 cars. Lead Cone. states that during this confer2 cars. Perlite 14 cars. Manence it was "agreed by the par2 cars. ganese ties (to the suit) that the court Bristol Silver Co. ore 1 car. J. A. Hogle Mining Dept Continued on Page 2 Oil Unit Deal To Be Argued In Fall Court 30-od-d ne Ore Shipments dent Specifically, H. R. 2824 encourages the discovery, development and production of tungsten, manganese, chromite, mica, asbestos, beryl ores ami concentrates in tiie United States, its territories and possessions. Under terms of the bffl, the government's buying program of the following minerals would 'be extended in tills manner; tungsten, July 1, 1958; manganese, June 90, 1958; beryl, June 80, 1957; mice, June 30, 1957; cohunbian-tantahn- n bearing ores, December 31, 1958, and asbestos, October 1, 1957. Signing of this bill means good news to little and Mg mining companies throughout the nation, particularly those engaged in the mining of tungsten. This additional two years gives the government added time to buy and miners added time and incentive to produce vital minerals. Such legislation is absolutely necessary in the absence of any duty of tariff protection. - Shell Chemical Plans New Plant' A substantial addition to America's supply of glycerine and epon resins will result from a new Shell Chemical plant to be crectQd at Norco., La., according to an announcement made today by Rich- ard C. McCurdy, president of Shell Chemical Corporation. With construction starting immediately and completion sched- uled for late 1954, the new plant will product allyl chloride and epichlorohydrin. Its output will be used to increase Shell Chemicals glycerine production by 25,000,000 per year, McCurdy stated, and to make available substantial additional quantities of epichlorohydrin and epon. It is the first step in Shell Chemical's current glycerin expansion program. 85-to- , Zinc Oxide Total production of zinc oxide declined 2 per cent during June due to the shorter month, according to the Bureau of Mines, United States Deparment of the Interior. Stocks of oxide at producers plants decreased 9 percent to 24,527 tons on June 30. Production of lead-fre- e zinc oxide rose 5 percent to 11,556 tons during the month. Leaded zinc oxide production, however, fell 20 percent to. 3,046 tons or tiie lowest monthly rate of output since Aug- ust 1952. |