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Show GOAL OF 150,000,000 POIDSJSJFIie Utah Copper Now in Shape to Make That Annual Production. .lust ten years ago the Copporton plant of the Utah Copper company was put In operation, thus launching that great mine on n. career that hais been the wonder won-der of tho mining world. In that time It is tafd the company han spent nearly or quite $25,000,000 In improvements and distributed over $20,000,000 in dividend.. Managing Director D. C. Jackllng paid In a recent Interview m the east: It Is not probable that the copper yield per ton of oro will ever again bo as low as that shown In our 1013 utatcmcnt. Our underground mining has been dlscontlnurd for good and this should enable w to lop off 2 or 3 cents a ton from our mining costs. When It Is realized that we arc handling 8,000.000 tons a year, at 3 cents a ton, the saving amouuts to $250,000 annually. I am convinced that we can mako a substantial prollt from leaching out forty-odd million tons of low-grado ore and partially oxidized capping; and before a great while I expect the directors to authorize au-thorize fcomothlng in thla direction. The autlclpatcd protlt from the leaching will bo sufficient to retire the entire capital of the Utah company com-pany at par and more. AH our experiments ex-periments in this are about completed. com-pleted. We have realized our ambition ambi-tion to make the Utah Copper a 150,000,000-pound producer and wc aro doing somewhat better than this, as our March production was 12,700.000 pounds We can Increase this If thought expedient to do so. |