Show WALKER COPPER NOT CLOSED DOWN operations have not stopped at the walker copper mine according to president J R walker who says the report published to that effect is in error shipment of concentrates cen has been stopped and will be until metal prices are better development work in the mine will be continued and surface improvements now under way will be completed mr air walker said the walker copper company is one of the lowest cost copper producers in the country but that the drop in the price of the metal would compel the company to market a large quantity of concentrates already made at a price not satisfactory to the company the walker company is one of the most fortunate of the big copper companies in that its property is such that curtailed production can be made without disrupting a large organization and that the mine and mill can be maintained at minimum expense so that large production can be started quickly concentrates on hand according to mr air walkers statement information furnished him by 0 M kuchs assistant general manager of the international smelting smelling Sm elting company is that there are tons of concentrates at the mine ready to ship each decline of a cent in the price of copper therefore meant a drop in value of on that supply of concentrates mr walker said the walker interests own shares of stock in the company which is capitalized for shares control is held by the anaconda copper company of which international smelting smelling Sm elting is a subsidiary the anaconda company is under contract with the walker copper people to operate the mine for the best interest of the walker copper and the manage ment of the property has been entirely satisfactory to the walker interests he said development work As to development work which is being done and will continue in the mine mr walker said he was informed by mr air kuchs that the new boarding house will be completed this will permit of consolidating the camps for the mine and mill and aff affect act a saving for the company of a year work will be continued in the main incline shaft which will be s unk sunk from the to the or 1000 level the new level which is next below the present deepest level will be run and put in readiness for sloping operations when production work is resumed A new rock house will be completed for the rock crusher recently purchased this improvement to cost thirty pound rails are being installed in the main tunnel level which is 1000 feet deep on the dip of the vein and which will cut the main shaft at a distance of a mile and a half from the face of the tunnel cars with a capacity of two and a half tons will be purchased to supplant the cars now used for haulage the new equipment to be drawn by electric motors in place of mules as at present the upraise from the tunnel level to the upper workings has been completed this raise is feet south of the main incuse shaft and will drain the upper workings so that no pumping will be required many improvements in summing up the mine conditions mr walker said the mine is drained the new aerial tram which cost more than has been completed the property is supplied with electric power over a line which the company built fifteen miles in length about two years ago the new tailings dam just completed at a cost of thousands of dollars is several hundred feet in length and feet in width at the base A new sawmill has been completed with a capacity of feet per day a new hospital has just been completed for the benefit of the employees with all these modern improvements the company should be in the very best position to produce copper at a low cost when the price of the metal warrants it walker mines ore not only has a high grade copper content but the concentrates carry in gold and silver from 10 to 13 per ton in addition returns of concentrates which have been received so far this month from the international smelting smelling Sm elting company amounted to tons and produced or 45 per ton after all smelting smelling sm elting charges and after freight from the mill to tooele thoele have been deducted I 1 in other words over 45 per ton figuring a ratio of concentration of 5 tons of crude to one of concentrates the cr crude ude ore has produced over ove r 8 per ton from which amount should be deducted mining rn milling illing and overhead the above is figured with copper at 15 cents a pound the moisture in the above shipments averages over 12 per cent which is a very large item as the freight rate is over 9 per ton the company is contracting ore broken in the at a cubic yard a cubic yard of ore contains about 27 tons in other words ore is being broken in for 46 cents a ton from all the above facts with the very small mill of tons capacity per day it can readily be seen with copper even at 15 cents the company can produce at a very low cost and a good profit 11 |